Aggregate consideration rule for multiple transferors/transferees clarifies parties' combined amount for withholding tax computation and deduction obligations. Amendment clarifies that where an immovable property transfer involves more than one transferor or transferee, the consideration shall be the aggregate of amounts paid or payable by all transferees to the transferor or by all transferors for transfer of such immovable property, making collective payments the relevant consideration for the provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Aggregate consideration rule for multiple transferors/transferees clarifies parties' combined amount for withholding tax computation and deduction obligations.
Amendment clarifies that where an immovable property transfer involves more than one transferor or transferee, the consideration shall be the aggregate of amounts paid or payable by all transferees to the transferor or by all transferors for transfer of such immovable property, making collective payments the relevant consideration for the provision.
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