00:00No, I'm following the question.
00:02A transfer of shares and transfer of subscription.
00:08I'm not arguing with you two, Attorney Ann.
00:10Are they the same or different?
00:12From the point of view of the BIR, not the SEC.
00:16Okay po.
00:16Pag nagbenta ba ako ng subscription at nagbenta ako ng share na fully subscribed ko na at paid up,
00:22pareho lang po ba yun sa pwede revista niyo?
00:25Pareho lang, Your Honor.
00:26Pwede siyang deed of assignment, pwede siyang deed of sale.
00:29Basta po may transfer.
00:31Subscription na.
00:32Subscription.
00:33Not the actual shares of stock.
00:35Subscription.
00:35Yung subscription agreement po kasi, it pertains to the subscription of shares on a particular company.
00:44So yun po yung meron kayo, subscription agreement.
00:47Ngayon, kapag po nag-transfer ako ng shares, with that,
00:51kanyari ako po yung nag-subscribe, and then I transferred my shares,
00:55yun na po yung deed of assignment, deed of sale, or donation.
00:59Condemnation man siya.
01:00Depende na po yun.
01:01Basta po, para sa BIR, Your Honor, basta may transfer, may taxes.
01:07Ganda naman talaga kayo palagi eh.
01:10So, sir, Your Honor, Lifeblood, Your Honor.
01:13To follow, okay, to follow on that.
01:16I'm sorry, attorney Anne.
01:18Attorney Christine, your witness again.
01:20So, to follow on that question, whether the shares have been fully paid or not,
01:27you already assumed that there was a transfer of shares.
01:31Even if that is only a transfer of subscription agreement.
01:36Transfer of subscribe shares, you mean, po?
01:40Subscription agreement.
01:42Basta po may transfer ng shares, Your Honor, it's taxable.
01:45Hindi, wala nga shares, pang anana-issue.
01:47Argumentative already, Your Honor.
01:48I think we should...
01:49I think you've made your point, attorney Chris.
