Property Dividend Declaration

What this is For:

Property Dividend Declaration

Other Documentary Requirements:

1. Certification under oath by corporate secretary on the board resolution declaring the property dividends

2. List of stockholders and the allocation of the property dividend certified by the corporate secretary

3. Audited financial statements as of the last fiscal year stamped received by BIR and SEC

4. Detailed schedule of the property account appearing in the audited financial statements

5. Certification by the President that the property is no longer needed in the operation of the company