Tax Rates

Tax
Code
Sectio
n
174

Document

Original Issue of Shares of

Stock with par value
Original Issue of Shares of
Stock without par value

Taxable Unit

Tax Due Per

Unit

% of
Unit

P200.00 or fraction
thereof

1.00

.5%

P200.00 or fraction
thereof

1.00

.5%

Taxable Base

Par value of shares of

stocks
Actual consideration for
the issuance of shares of
stocks
Actual value represented
by each share

Stock Dividend

175

Sales, Agreements to Sell,

Memoranda of Sales,
Deliveries or Transfer of
Shares or Certificates of
Stock

P200.00 or fraction
thereof

1.00

.5%

P200.00 or fraction
thereof

.75

3.75% Par value of such stock

Stock without par value

25%

DST paid upon the

original issuance of said
stock.

176

Bonds, Debentures,
Certificate of Stock or
Indebtedness issued in
foreign Countries

P200.00 or fraction
thereof

.75

3.75% Par value of such bonds,

debentures, Certificate of
Stock or Indebtedness

177

Certificate of Profits or
Interest in Property or
Accumulation

P200.00 or fraction
thereof

.50

.25%

Face value of such

certificate / memorandum

178

Bank Checks, Drafts,

Certificate of Deposit not
bearing interest and other
Instruments

On each Document

1.50

179

All Debt Instruments

P200.00 or fraction
thereof

1.00

.5%

Issue price of any such

instruments

180

All Bills of Exchange or

Drafts

P200.00 or fraction
thereof

.30

.15%

Face value of any such

bill of exchange or draft

181

Acceptance of Bills of
Exchange or order for the
payment of money
purporting to be drawn in a
foreign country but
payable in the Philippines

P200.00 or fraction
thereof

.30

.15%

Face value of such bill of

exchange or order or the
Philippine equivalent of
such value, if expressed
in foreign currency

182

Foreign Bills of Exchange

and Letters of Credit

P200.00 or fraction
thereof

.30

.15%

Face value of such bill of

exchange or letter of
credit or the Philippine
equivalent of such value,
if expressed in foreign
currency

183

Life Insurance Policies

If the amount of
insurance does not
exceed P100,000.00

exempt

If the amount of
insurance exceeds
P100,000.00 but
does not exceed
P300,000.00

Amount of Insurance

Amount of Insurance
10.00

Amount of Insurance
If the amount of
insurance exceeds
P300,000.00 but
does not exceed
P500,000.00
If the amount of
insurance exceeds
P500,000.00 but
does not exceed
P750,000.00
If the amount of
insurance exceeds
P750,000.00 but
does not exceed
P1,000,000.00
If the amount of
insurance exceeds
P1,000,000.00

25.00

Amount of Insurance

50.00
Amount of Insurance

75.00
Amount of Insurance

100.00

184

Policies Of Insurance upon

Property

P4.00 premium or
fraction thereof

.50

12.5% Premium charged

185

Fidelity Bonds and other

P4.00 premium or

.50

12.5% Premium charged

186

Insurance Policies

fraction thereof

Policies of Annuities or
other instruments

P200.00 or fraction
thereof

.50

.25%

Premium or installment
payment or contract price
collected
Premium or contribution
collected

Pre-Need Plans

P200.00 or fraction
thereof

.20

.10%
7.5%

Premium charged

10%

Cost of the ticket

187

Indemnity Bonds

P4.00 or fraction
thereof

.30

188

Certificates of Damage or
otherwise and Certificate or
document issued by any
customs officers, marine
surveyor, notary public and
certificate required by law
or by rules and regulations
of a public office

Each Certificate

15.00

189

Warehouse Receipts
(except if value does not
exceed P200.00)

Each Receipt

15.00

190

Jai-alai, Horse Race

Tickets, lotto or Other
Authorized Number
Games

P1.00 cost of ticket

.10

Cost of the ticket

Additional P0.10 on
every P1.00 or
fraction thereof if
cost of ticket
exceeds P1.00

191

Bills of Lading or
Receipts(except charter
party)

If the value of such

goods exceeds
P100.00 and does
not exceed
P1,000.00

1.00

Value of such goods

Value of such goods

If the value exceeds
P1,000.00
Freight tickets
covering goods,
merchandise or
effects carried as
accompanied
baggage of
passengers on land
and water carriers
primarily engaged in
the transportation of
passengers

10.00

Exempt

192

Proxies(except proxies
issued affecting the affairs
of associations or
corporations, organized for
religious, charitable or
literary purposes)

Each proxy

15.00

193

Powers of Attorney(except
acts connected with the
collection of claims due
from or accruing to the
Government of the
Republic of the Philippines,
or the government of any
province, city or
Municipality)

Each Document

5.00

194

Lease and other Hiring

agreements or
memorandum or contract
for hire, use or rent of any
land or tenements or
portions thereof

First 2,000 or
fractional part
thereof

3.00

.15%

For every P1,000 or

fractional part
thereof in excess of
the first P2,000 for
each year of the
term of the said
contract or
agreement

1.00

.1%

195

196

197

Mortgages Pledges of
lands, estate, or property
and Deeds of Trust

Deed of Sale, instrument or

writing and Conveyances of
Real Property (except
grants, patents or original
certificate of the
government)

Charter parties and Similar

Instruments

First 5,000

20.00

.4%

On each P5,000 or
fractional part
thereof in excess of
5,000

10.00

.2%

First 1,000

15.00

1.5%

Amount Secured
Amount Secured

Consideration or Fair
Market Value, whichever
is higher (if government
is a party, basis shall be
the consideration)

For each additional

P1,000 or fractional
part thereof in
excess of P1,000

15.00

1,000 tons and

below

P500.00 for
the first 6
months Plus
P50 each
month or
fraction thereof
in excess of 6
months

Registered gross tonnage

P1,000 for the

first 6
months Plus
P100 each
month or
fraction thereof
in excess of 6
months

Registered gross tonnage

P1,500 for the

first 6
months Plus
P150 each
month or
fraction thereof
in excess of 6
months

Registered gross tonnage

1,001 to 10,000 tons

Over 10,000 tons

1.5%

Consideration or Fair
Market Value, whichever
is higher (if government
is a party, basis shall be
the consideration)

198

Stamp Tax on Assignments

and Renewals or
Continuance of Certain
Instruments

At the same
rate as that
imposed on
the original
instrument.