GALTIERRA TRANSFER OF SHARES

Checklist of BIR Requirements

1. Tin of Buyer & Seller
2. Notarized Deed of Absolute Sale/Transfer
3. Photocopy of Stock Certificates
4. Acknowledgement Receipt
5. Special Power of Attorney executed by Seller
6. Proof of acquisition cost (i.e. Previous Deed of
Sale/ Official Receipt)
7. Audited Financial Statement of the issuing
corporation nearest the transaction date.
8. Appraisers Certificate showing the appraisal of all
corporate assets (as per BIR RR 4-2013)
9. Tax Declarations, if with real property
10. Titles of land owned by Company
11. Official Receipt/Deposit Slip and duly validated
return as proof of payment

Party Involved
Alfie - drafting
Sellerexecution
Ms. Pia

Status
OK
For
execution &
notarization

Alfie
Alfie
Ms. Pia
Company
Company
Ms. Pia
Ms. Pia
Alfie

How to sell/transfer shares of stock

The basic steps in the process are:
1) Negotiation and execution of the deed of sale;
2) Appraisal of all Company Assets
3) Payment of the capital gains tax/donors tax (if any) and the documentary stamp tax,
and the filing of the appropriate returns with the Bureau of Internal Revenue (BIR);
4) Issuance of the tax clearance certificate/Certificate Authorizing Registration (CAR)
by the BIR;
5) Presentation of the CAR to the Corporate Secretary, the registration by the Corporate
Secretary of the sale in the stock and transfer book of the corporation, the cancellation
by the Corporate Secretary of the stock certificates in the name of the seller and the
issuance by the Corporate Secretary of new stock certificates to the buyer.