Philippine domestic or resident foreign companies from a domestic corporation are not subject to tax. Capital gains – Capital gains generally are taxed as income. However, gains on the sale of shares not traded on the stock exchange are subject to 15% capital gains tax. Gains on the sale of shares listed and traded on the In general, the sale, barter, exchange or other disposition of shares of stock in a Philippine corporation not traded in the stock exchange is subject to the following: Capital Gains Tax (CGT) is imposed on the net capital gains realized during the taxable year from the sale, exchange or other disposition of shares of stock in a domestic corporation. Capital gains – Capital gains generally are taxed as income. However, gains on the sale of shares not traded on the stock exchange are subject to 5% withholding tax on the first PHP 100,000, and 10% thereafter.