By using this website, you agree to the terms of the BIR Privacy Notice ×

(https://www.bir.gov.ph/index.php/privacy-notice.html)

Skip to Site
Footer
Accessibility
Home
Content
Contact
Map
(/index.php)
(/index.php/contact-us.html)
Instructions (/index.php/accessibility.html)
(http://www.gov.ph) MENU

Site Map (/index.php/site-map.html)

Accessibility (/index.php/accessibility.html)

Contact Us

Search ...

Home (/index.php)

Transparency

Privacy Notice (/index.php/privacy-notice.html)

(/)

Documentary Stamp Tax

Revenue Issuances

Registration Requirements

Tax Information

Rulings and Legal Matters

International Tax Matters

You are here: Home (/index.php) Tax Information (/index.php/tax-information.html) Documentary Stamp Tax

Index for Documentary Stamp Tax:

Description
Tax Form
Documentary Requirements
Tax Rates
Procedures
Related Revenue Issuances
Codal Reference
Frequently Asked Questions
Description

Documentary Stamp Tax is a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment,
sale or transfer of an obligation, right or property incident thereto.

[return to index]

Tax Forms

BIR Form 2000 (/index.php/bir-forms/documentary-stamp-tax-return.html#dstr2000) (Documentary Stamp Tax Declaration Return);

BIR Form 2000-OT (/index.php/bir-forms/documentary-stamp-tax-return.html#dstr2000ot) Documentary Stamp Tax Declaration

Return (One- Time Transactions)

[return to index]

Documentary Requirements

Mandatory

1. Photocopy of the document to which the documentary stamp shall be affixed

2. Proof of exemption under special laws, if applicable;
3. Proof of payment of documentary stamp tax paid upon the original issue of the stock, if applicable.

[return to index]

Tax Rates

Tax Document Taxable Unit Tax Due Per % of Taxable Base

Code Unit Unit
Section

174 Original Issue of Shares of P200.00 or fraction 2.00 1% Par value of shares
Stock with par value thereof of stocks
Original Issue of Shares of
Stock without par value 2.00 1%
P200.00 or fraction Actual
thereof consideration for
Stock Dividend 1% the issuance of
2.00 shares of stocks

P200.00 or fraction
thereof Actual
value represented
by each share
175 Sales, Agreements to Sell, P200.00 or fraction 1.50 0.75% Par value of such
Memoranda of Sales, thereof stock
Deliveries or Transfer of
Shares or Certificates of
Stock

DST paid upon the

Stock without par value original issuance
of said stock.
50%

176 Bonds, Debentures, P200.00 or fraction .75 .375% Par value of such
Certificate of Stock or thereof bonds,
Indebtedness issued in debentures,
foreign Countries Certificate of Stock
or Indebtedness

177 Certificate of Profits or P200.00 or fraction 1.00 .5% Face value of such
Interest in Property or thereof certificates /
Accumulation memorandum

178 Bank Checks, Drafts, On each Document 3.00

Certificate of Deposit not
bearing interest and other
Instruments

179 All Debt Instruments P200.00 or fraction 1.50 .75% Issue price of any
thereof such debt
instruments or a
fraction of 365
days for
instrument with
term of less than 1
year

180 All Bills of Exchange or P200.00 or fraction .60 .3% Face value of any
Drafts thereof 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 .60 .3% Face value of such
thereof 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 .60 .3% Face value of such
thereof 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 exempt Amount of
insurance does not Insurance
exceed P100,000.00

20.00
If the amount of Amount of
insurance exceeds Insurance
P100,000.00 but does
not exceed P300,000.00
50.00

If the amount of Amount of

insurance exceeds Insurance
P300,000.00 but does
not exceed P500,000.00 100.00

If the amount of Amount of

insurance exceeds Insurance
P500,000.00 but does 150.00
not exceed P750,000.00

If the amount of Amount of

insurance exceeds 200.00 Insurance
P750,000.00 but does
not exceed
P1,000,000.00

Amount of
If the amount of Insurance
insurance exceeds
P1,000,000.00

184 Policies Of Insurance upon P4.00 premium or .50 12.5% Premium charged
Property fraction thereof

185 Fidelity Bonds and other P4.00 premium or fraction .50 12.5% Premium charged
Insurance Policies thereof

186 Policies of Annuities or P200.00 or fraction 1.00 .5% Premium or

other instruments thereof installment
payment or
contract price
collected
.40 .20%
Pre-Need Plans P200.00 or fraction
thereof
Premium or
contribution
collected

187 Indemnity Bonds P4.00 or fraction thereof .30 7.5% Premium charged

188 Certificates of Damage or Each Certificate 30.00

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

189 Warehouse Receipts Each Receipt 30.00

(except if value does not
exceed P200.00)
190 Jai-alai, Horse Race Tickets,
lotto or Other Authorized
Number Games
P1.00 and below cost of .20 20% Cost of the ticket
ticket
Cost of the ticket
Additional P0.20 on
every P1.00 or fraction
thereof if cost of ticket
exceeds P1.00

191 Bills of Lading or If the value of such 2.00 Value of such

Receipts(except charter goods exceeds P100.00 goods
and does not exceed
party) P1,000.00
20.00
Value of such
If the value exceeds goods
P1,000.00
Exempt

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

192 Proxies (except proxies Each proxy 30.00

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

193 Powers of Attorney (except Each Document 10.00

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)

194 Leases and other Hiring
agreements or
memorandum or contract
for hire, use or rent of any
lands or tenements or
portions thereof
First 2,000 or fractional 6.00 .3%
part thereof
2.00 .2%
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

195 Mortgage or Pledge of First 5,000 40.00 .8% Amount Secured

lands, estate, or property
and Deeds of Trust
On each P5,000 or 20.00 .4% Amount Secured
fractional part thereof in
excess of 5,000
 196 Deed of Sale, Conveyances, First 1,000 15.00 1.5% Consideration or
Donations of Real Property Fair Market Value,
whichever is
(except grants, patents or
higher (if
original certificate of government is a
adjudication issued by the party, basis shall
government) For each additional 15.00 1.5% be the
P1,000 or fractional part consideration)
thereof in excess of
P1,000
Consideration or
Fair Market Value,
whichever is
higher (if
government is a
party, basis shall
be the
consideration)

197 Charter parties and Similar Charter parties and

Instruments similar instruments if
gross tonnage of the
ship, vessel or steamer
is: 1st 6 months Registered gross
P1,000.00 tonnage
1,000 tons and below In excess + P
100.00

1st 6 months Registered gross

1,001 to 10,000 tons P2,000.00 tonnage
In excess +
P200.00

1st 6 months
Over 10,000 tons P3,000 Registered gross
In excess + tonnage
300

198 Stamp Tax on Assignments At the same

and Renewals or rate as that
Continuance of Certain imposed on
Instruments the original
instrument.

[return to index]

Procedures

BIR FORM 2000 - (DOCUMENTARY STAMP TAX DECLARATION RETURN)

Who Shall File

The return shall be filed in triplicate by the following:

1. In the case of constructive affixture of documentary stamps, by the person making, signing, issuing, accepting, or transferring
documents, instruments, loan agreements and papers, acceptances, assignments, sales and conveyances of the obligation,
right or property incident thereto wherever the document is made, signed, issued, accepted or transferred when the obligation
or right arises from Philippine sources or the property is situated in the Philippines at the same time such act is done or
transaction had;

2. In the case of Electronic Documentary Stamp Tax (eDST) System user, by the taxpayers belonging to the industries
mandated to use the web-based eDST System in the payment/remittance of DST liabilities and the affixture of the prescribed
documentary stamp on taxable documents and taxpayers who, at their option, choose to pay the DST liabilities thru the eDST
System pursuant to Revenue Regulations (RR) No. 7-2009; and
 3. By a revenue collection agent for remittance of sold loose documentary stamps.

Whenever one party to the taxable document enjoys exemption from the tax herein imposed, the other party thereto who is not
exempt shall be the one directly liable for the tax.

When and Where to File

The return shall be filed within five (5) days after the close of the month when the taxable document was made, signed, issued,
accepted or transferred or upon remittance by revenue collection agents of collection from the sale of loose documentary stamps.

The return shall be filed with the Authorized Agent Bank (AAB) within the territorial jurisdiction of the Revenue District Office where
the residence or place of business of the taxpayer is located or where the collection agent is assigned. In places where there are no
AABs, the return shall be filed directly with the Revenue Collection Officer (RCO) within the Revenue District Office which has
jurisdiction over the residence or place of business of the taxpayer or where the collection agent is assigned.

When and Where to Pay

Upon filing of this return, the total amount payable shall be paid to the AAB where the return is filed within five (5) days after the close
of the month when the taxable document was made. In places where there are no AABs, the tax shall be paid with the Revenue
Collection Officer who shall issue an Electronic Revenue Official Receipt (eROR) therefor.

When the return is filed with an AAB, taxpayer must accomplish and submit BIR-prescribed deposit slip, which the bank teller shall
machine validate as evidence that payment was received by the AAB. The AAB receiving the tax return shall stamp mark the word
“Received” on the return and also machine validate the return as proof of filing the return and payment of the tax by the taxpayer,
respectively. The machine validation shall reflect the date of payment, amount paid and transactions code, the name of the bank,
branch code, teller’s code and teller’s initial. Bank debit memo number and date should be indicated in the return for taxpayers
paying under the bank debit system.

For eDST System User

Prior to the enrollment in the eDST System, taxpayers availing thereof, whether on the mandatory or optional basis, shall be duly
enrolled under the BIR Electronic Filing and Payment System (eFPS). In paying the DST liabilities, BIR Form No. 2000 shall be filed
and the amount due thereon shall be paid thru the eFPS for taxpayers and PhilPass Facility of the Bangko Sentral ng Pilipinas for
banks (AABs and non-AABs).

For eFPS Taxpayer

The deadline for electronically filing and paying the taxes due thereon shall be in accordance with the provisions of existing
applicable revenue issuances.

BIR FORM 2000-OT DOCUMENTARY STAMP TAX DECLARATION RETURN (ONE-TIME TRANSACTIONS)

Who Shall File

The return shall be filed in triplicate by the following person making, signing, issuing, accepting or transferring the document or facility
evidencing transaction:

1. Every natural or juridical person, resident or non-resident, for donation, sale, barter, exchange or other onerous disposition of
shares of stock in a domestic corporation, classified as capital asset, not traded in the local stock exchange;

2. Every withholding agent/buyer/seller on the sale, transfer or exchange of real property classified as capital asset. The “sale”
includes pacto de retro sale and other forms of conditional sale; and

3. Every withholding agent/buyer/seller on the sale, transfer or exchange of real property other than capital asset.

4. Every natural or juridical person, resident or non-resident, for donation of real properties.

Whenever one party to the taxable document enjoys exemption from the tax herein imposed, the other party thereto who is not
exempt shall be the one directly liable for the tax.

When and Where to File and Pay

The return shall be filed and the tax paid within five (5) days after the close of the month when the taxable document was made,
signed, issued, accepted or transferred.

The return shall be filed with and the tax paid to the Authorized Agent Bank (AAB) within the territorial jurisdiction of Revenue District
Office (RDO) where the seller/transferor/donor is required to be registered or where the property is located in case of sale of real
property.

When the return is filed with an AAB, taxpayer must accomplish and submit BIR-prescribed deposit slip, which the bank teller shall
machine validate as evidence that payment was received by the AAB. The AAB receiving the tax return shall stamp mark the word
“Received” on the return and also machine validate the return as proof of filing the return and payment of the tax by the taxpayer,
respectively.

The machine validation shall reflect the date of payment, amount paid and transactions code, the name of the bank, branch code,
teller’s code and teller’s initial. Bank debit memo number and date should be indicated in the return for taxpayers paying under the
bank debit system.

Payments may also be made thru the epayment channels of AABs or online facility, credit/debit/prepaid cards, and mobile payments.

For transactions covered by one (1) Deed of Sale/Exchange/Donation involving one (1) to three (3) properties, the taxpayer can avail
of the fast lane pursuant to Revenue Memorandum Circular (RMC) No. 43-2018, as amended by RMC No. 107-2018. Payments
amounting to twenty thousand pesos (P 20,000.00) and below shall be paid in cash while payments above twenty thousand pesos (P
20,000.00) shall be made through Manager’s Check or Cashier’s Check to the Revenue Collection Officer of the RDO concerned.

[return to index]

Related Revenue Issuances

Revenue Regulations (RR) Nos. 9-2000, 6-2001, 13-2004, 7-2009, 6-2014, 4-2018

Revenue Memorandum Order (RMO) Nos. 8-1998, 15-2001, 13-2008, 14-2008

Revenue Memorandum Circular (RMC) Nos. 1-2010, 24-2010, 51-2010, 24-2011, 46-2014, 3-2018

OPM-AS-APMD 2017-06-06

OPM-AS-APMD 2017-06-01

[return to index]

Codal Reference

Secs. 51 to 70 of Republic Act No. 10963 of the Tax Reform for Acceleration and Inclusion (TRAIN) Law

Sec. 173 to Sec. 201 of the National Internal Revenue Code (NIRC)

[return to index]

Frequently Asked Questions

1) What are the documents/ papers not subject to Documentary Stamp Tax??

Under Section 9 of Revenue Regulations No. 13-2004, the following documents and papers are not subject to DST:

Policies of insurance or annuities made or granted by a fraternal or beneficiary society, order, association or cooperative
company, operated on the lodge system or local cooperation plan and organized and conducted solely by the members thereof
 for the exclusive benefit of each member and not for profit
Certificates of oaths administered by any government official in his official capacity or acknowledgement by any government
official in performance of his official duty
Written appearance in any court by any government official in his official capacity
Certificates of the administration of oaths to any person as to the authenticity of any paper required to be filed in court by any
person or party thereto, whether the proceedings be civil or criminal
Papers and documents filed in court by or for the national, provincial, city or municipal governments
Affidavits of poor persons for the purpose of proving poverty
Statements and other compulsory information required of persons or corporations by the rules and regulations of the national,
provincial, city or municipal government exclusively for statistical purposes and which are wholly for the use of the Bureau or
office in which they are filed, and not at the instance or for the use or benefit of the person filing them
Certified copies and other certificates placed upon documents, instruments and papers for the national, provincial, city or
municipal governments made at the instance and for the sole use of some other branch of the national, provincial, city or
municipal governments
Certificates of the assessed value of lands, not exceeding P200 in value assessed, furnished by the provincial, city or municipal
Treasurer to applicants for registration of title to land
Borrowing and lending of securities executed under the Securities Borrowing and Lending Program of a registered exchange, or
in accordance with regulations prescribed by the appropriate regulatory authority: Provided, however, That any borrowing or
lending of securities agreement as contemplated hereof shall be duly covered by a master securities borrowing and lending
agreement acceptable to the appropriate regulatory authority, and which agreement is duly registered and approved by the
Bureau of Internal Revenue (BIR)
Loan agreements or promissory notes, the aggregate of which does not exceed Two hundred fifty thousand pesos (P250,000), or
any such amount as may be determined by the Secretary of Finance, executed by an individual for his purchase on installment for
his personal use or that of his family and not for business or resale, barter or hire of a house, lot, motor vehicle, appliance or
furniture: Provided, however, That the amount to be set by the Secretary of Finance shall be in accordance with a relevant price
index but not to exceed ten percent (10%) of the current amount and shall remain in force at least for three (3) years
Sale, barter or exchange of shares of stock listed and traded through the local stock exchange (R.A 9648)
Assignment or transfer of any mortgage, lease or policy of insurance, or the renewal or continuance of any agreement, contract,
charter, or any evidence of obligation or indebtedness, if there is no change in the maturity date or remaining period of coverage
from that of the original instrument.
Fixed income and other securities traded in the secondary market or through an exchange.
Derivatives: Provided, that for purposes of this exemption, repurchase agreements and reverse repurchase agreements shall be
treated similarly as derivatives
Inter-branch or interdepartmental advances within the same legal entity
All forbearances arising from sales or service contracts including credit card and trade receivables: Provided, That the exemption
be limited to those executed by the seller or service provider itself.
Bank deposit accounts without a fixed term or maturity
All contracts, deeds, documents and transactions related to the conduct of business of the Bangko Sentral ng Pilipinas
Transfer of property pursuant to Section 40(C)(2) of the National Internal Revenue Code of 1997, as amended
Inter-bank call loans with maturity of not more than seven (7) days to cover deficiency in reserves against deposit liabilities,
including those between or among banks and quasi-banks

Further, Section 20 of RR No. 4-2018 exempts from DST the following donations or gifts that are exempt from donor’s tax:

a. Gifts Made by a Resident:

Gifts made to or for the use of the National Government or any entity created by any of its agencies which is not conducted for
profit, or to any political subdivision of the said Government; and
Gifts in favor of an educational and/or charitable, religious, cultural or social welfare corporation, institution, accredited
nongovernment organization, trust or philanthropic organization or research institution or organization: Provided, however, that not
more than thirty percent (30%) of said gifts shall be used by such donee for administration purposes. For the purpose of this
exemption, a 'non-profit educational and/or charitable corporation, institution, accredited nongovernment organization, trust or
philanthropic organization and/or research institution or organization' is a school, college or university and/or charitable
corporation, accredited nongovernment organization, trust or philanthropic organization and/or research institution or organization,
incorporated as a non-stock entity, paying no dividends, governed by trustees who receive no compensation, and devoting all its
income, whether students' fees or gifts, donation, subsidies or other forms of philanthropy, to the accomplishment and promotion
of the purposes enumerated in its Articles of Incorporation.

b. Gifts Made by a Non-resident not a Citizen of the Philippines:

Gifts made to or for the use of the National Government or any entity created by any of its agencies which is not conducted for
profit, or to any political subdivision of the said Government; and
Gifts in favor of an educational and/or charitable, religious, cultural or social welfare corporation, institution, accredited
nongovernment organization, trust or philanthropic organization or research institution or organization: Provided, however, that not
more than thirty percent (30%) of said gifts shall be used by such donee for administration purposes.

2) Where is the Documentary Stamp Tax Declaration Return filed?

In the Authorized Agent Bank (AAB) within the territorial jurisdiction of the RDO which has jurisdiction over the residence or principal
place of business of the taxpayer or where the property is located in case of sale of real property or where the Collection Agent is
assigned. In places where there is no Authorized Agent Bank, the return will be filed with the Revenue Collection Officer or duly
authorized City or Municipal Treasurer where the taxpayer's residence or principal place of business is located or where the property
is located in case of sale of real property or where the Collection Agent is assigned.

3) What are the documents/papers not subject to Documentary Stamp Tax? (sec. 9, RR No. 13-2004)

Policies of insurance or annuities made or granted by a fraternal or beneficiary society, order, association or cooperative
company, operated on the lodge system or local cooperation plan and organized and conducted solely by the members thereof
for the exclusive benefit of each member and not for profit
Certificates of oaths administered by any government official in his official capacity or acknowledgement by any government
official in performance of his official duty
Written appearance in any court by any government official in his official capacity
Certificates of the administration of oaths to any person as to the authenticity of any paper required to be filed in court by any
person or party thereto, whether the proceedings be civil or criminal
Papers and documents filed in court by or for the national, provincial, city or municipal governments
Affidavits of poor persons for the purpose of proving poverty
Statements and other compulsory information required of persons or corporations by the rules and regulations of the national,
provincial, city or municipal government exclusively for statistical purposes and which are wholly for the use of the Bureau or
office in which they are filed, and not at the instance or for the use or benefit of the person filing them
Certified copies and other certificates placed upon documents, instruments and papers for the national, provincial, city or
municipal governments made at the instance and for the sole use of some other branch of the national, provincial, city or
municipal governments
Certificates of the assessed value of lands, not exceeding P200 in value assessed, furnished by the provincial, city or municipal
Treasurer to applicants for registration of title to land
Borrowing and lending of securities executed under the Securities Borrowing and Lending Program of a registered exchange, or
in accordance with regulations prescribed by the appropriate regulatory authority: Provided, however, That any borrowing or
lending of securities agreement as contemplated hereof shall be duly covered by a master securities borrowing and lending
agreement acceptable to the appropriate regulatory authority, and which agreement is duly registered and approved by the
Bureau of Internal Revenue (BIR)
Loan agreements or promissory notes, the aggregate of which does not exceed Two hundred fifty thousand pesos (P250,000), or
any such amount as may be determined by the Secretary of Finance, executed by an individual for his purchase on installment for
his personal use or that of his family and not for business or resale, barter or hire of a house, lot, motor vehicle, appliance or
furniture: Provided, however, That the amount to be set by the Secretary of Finance shall be in accordance with a relevant price
index but not to exceed ten percent (10%) of the current amount and shall remain in force at least for three (3) years
Sale, barter or exchange of shares of stock listed and traded through the local stock exchange (R.A 9648)
Assignment or transfer of any mortgage, lease or policy of insurance, or the renewal or continuance of any agreement, contract,
charter, or any evidence of obligation or indebtedness, if there is no change in the maturity date or remaining period of coverage
from that of the original instrument.
Fixed income and other securities traded in the secondary market or through an exchange.
Derivatives: Provided, That for purposes of this exemption, repurchase agreements and reverse repurchase agreements shall be
treated similarly as derivatives
Interbranch or interdepartmental advances within the same legal entity
All forebearances arising from sales or service contracts including credit card and trade receivables: Provided, That the
exemption be limited to those executed by the seller or service provider itself.
Bank deposit accounts without a fixed term or maturity
All contracts, deeds, documents and transactions related to the conduct of business of the Bangko Sentral ng Pilipinas
Transfer of property pursuant to Section 40(C)(2) of the National Internal Revenue Code of 1997, as amended
Interbank call loans with maturity of not more than seven (7) days to cover deficiency in reserves against deposit liabilities,
including those between or among banks and quasi-banks

4) What are the implications of failure to stamp taxable documents?

An instrument, document, or paper which is required by law to be stamped and which has been signed, issued, accepted or
transferred without being duly stamped, shall not be recorded, nor shall it or any copy thereof or any record of transfer of the same
be admitted or used in evidence in any court until the requisite stamp or stamps shall have been affixed thereto and cancelled.

No notary public or other officer authorized to administer oaths shall add his jurat or acknowledgment to any document subject to
documentary stamp tax unless the proper documentary stamps are affixed thereto and cancelled.

5) What is Electronic Documentary Stamp Tax (eDST) System?

The eDST is a web-based application created for taxpayers and the BIR that is capable of affixing a secured documentary stamp on
the taxable documents as defined under the appropriate provisions under Title VII of the National Internal Revenue Code of 1997, as
amended, thru the use of a computer unit, any laser printer with at least 1200 dpi resolution, and Internet Explorer 7.0 It is also
capable of providing a 3-layer watermark on stamps for added security. (Sec. 5 (1), RR No. 7-2009)
6) Is DST Law applicable on Electronic Documents?

The DST rates as imposed under the Code, as amended by R.A. 9243 and further amended by R.A. 10963 shall be applicable on all
documents not otherwise expressly exempted by the said law, notwithstanding the fact that they are in electronic form. As provided
for by R.A. 8792, otherwise known as the Electronic Commerce Act, electronic documents are the functional equivalent of a written
document under existing laws, and the issuance thereof is therefore tantamount to the issuance of a written document, and therefore
subject to DST. (Sec. 10, RR No. 13-2004 as amended by RR No. 4-2018)

7) What are the inclusions of a debt instrument? (sec. 5, RR No. 13-2004)

“Debt Instrument” shall mean instruments representing borrowing and lending transaction including but not limited to:

debentures
certificates of indebtedness
due bills
bonds
loan agreements, including those signed abroad wherein the object of the contract is located or used in the Philippines
instruments and securities issued by the government or any of its instrumentalities
deposit substitute debt instruments
certificates or other evidences of deposits that are drawing instrument significantly higher than the regular savings deposit taking
into consideration the size of the deposit and the risks involved
certificates or other evidences of deposits that are drawing interest and having a specific maturity date
promissory notes, whether negotiable or non-negotiable, except bank notes issued for circulation (Sec. 5, RR No. 13-2004)

8) Is any document, transaction or arrangement entered into under Financial Lease subject to Documentary Stamp Tax?

Financial lease is akin to a debt rather than a lease. A nature of an obligation than a lease of personal property. The mere act of
extending credit is already a means of facilitating an obligation or advancing in behalf of the lessee certain property in lieu of cash in
exchange for a definitive amortization to be paid to the lessor with profit margin included. Section 179 of the NIRC, as amended,
covers all debt instruments. Therefore, being a nature of an obligation, any document, transaction or arrangement entered into under
financial lease is subject to DST under such Section of the NIRC, as amended. (RMC No. 46-2014)

[return to index]

All content is public domain unless otherwise stated.

Republic of the Philippines

Official Gazette (http://www.gov.ph)
Office of the President (http://president.gov.ph)
 Official Directory (http://www.gov.ph/directory/)
Official Calendar (http://www.gov.ph/calendar/)

Resources
Project NOAH (http://noah.dost.gov.ph/)
Official Calendar (http://www.gov.ph/calendar/)
Official Directory (http://www.gov.ph/directory/)

Executive
Office of the President (http://www.president.gov.ph)
Office of the Vice President (http://www.ovp.gov.ph)
Department of Education (http://www.deped.gov.ph)
Department of Interior and Local Government (http://www.dilg.gov.ph)
Department of Finance (http://www.dof.gov.ph)
Department of Health (http://www.doh.gov.ph)
Department of Science and Technology (http://www.dost.gov.ph/)
Department of Trade and Industry (http://www.dti.gov.ph/)

Legislative
Senate of the Philippines (http://www.senate.gov.ph/)
House of Representatives (http://www.congress.gov.ph/)

Judiciary
Supreme Court (http://sc.judiciary.gov.ph/)
Court of Appeals (http://ca.judiciary.gov.ph/)
Sandiganbayan (http://sb.judiciary.gov.ph/)
Court of Tax Appeals (http://cta.judiciary.gov.ph/)
Judicial Bar and Council (http://jbc.judiciary.gov.ph/)