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    Date: 2019-12-16 09:33:20.903773

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    Date: 2019-12-16 09:52:47.838393

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    Date: 2020-01-06 18:40:13.745212

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INTERPRETATION OF THE TRAIN LAW

Requested from BIR by M. BARGO at 09:33 AM on Dec 16, 2019.
Purpose: CLARIFICATION
Date of Coverage: 01/01/2018 - 12/13/2019
Tracking no: #BIR-261151424588

BARGO 09:33 AM, Dec 16, 2019 

UNDER THE TRAIN LAW, ARE DISTRIBUTED BUT UNAVAILED DIVIDENDS, HENCE FORMING PART OF THE RETAINED EARNINGS, TAXABLE OR NOT?  THIS WAS STATED IN THE TAX CODE BUT NOT IN THE TRAIN LAW.

Du 09:52 AM, Dec 16, 2019 

December 16, 2019

Dear MARICEL,

Thank you for your request dated Dec 16, 2019 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for INTERPRETATION OF THE TRAIN LAW.

We received your request on Dec 16, 2019 and will respond on or before Jan 06, 2020 09:33:20 AM, in accordance with the Executive Order's implementing rules and regulations.

Thank you.

Respectfully,

Ana Marie Du
FOI Officer

Division 01:26 PM, Dec 17, 2019 

December 17, 2019

Dear Ms. Maricel Bargo,

This is with regards to your eFOI Request Tracking No: #BIR-261151424588 re: Interpretation of the TRAIN Law dated December 16, 2019

In reply, we have endorsed your request today to the TRAIN Committee for their necessary action and attention.

For your information and guidance.

MARIA LOURDES D. NARVAEZ
FOI Decision Maker

Division 06:40 PM, Jan 06, 2020 

Dear MARICEL BARGO,

Thank you for your request dated Dec 16, 2019 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for INTERPRETATION OF THE TRAIN LAW.

In reply, according to the ACIR Elenita B. Quimosing, of the TRAIN Committee Head, said transaction was not changed by the TRAIN Law and is still considered TAXABLE. We tried calling you today to update you but you were unable to answer our call.

For your information and guidance please. Thank you.

Respectfully,

Maria Lourdes D. Narvaez
FOI Decision Maker

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