A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it and minimize it.

For long-term capital gains, you fall into the 15% tax bracket, so you calculate your long-term capital gains tax separately as 15% of $10,000: $1,500. For 2024, your tax bill is roughly $12,053.

Specifically, the BIR said gains or profits of Sukuk holders from Sukuk transactions maturing in less than five years are subjected to a 20 percent final withholding tax (FWT).