and Inclusion (TRAIN) – Documentary Stamp Tax NIRC Provision NIRC TRAIN Section 174 ₱ 1.00/₱ 200.00 ₱2.00/₱ 200.00 Original Issue of Shares of Stock
Section 175 ₱ 0.75/₱ 200.00 ₱ 1.50/₱ 200.00
Sales, Agreements to Sell, Memoranda of Sales, Deliveries or Transfer of Shares or Certificates of Stock with par value
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 175 25% of DST paid on 50% of DST paid on Sales, Agreements to original issue original issue Sell, Memoranda of Sales, Deliveries or Transfer of Shares or Certificates of Stock without par value Section 177 ₱ 0.50/₱ 200.00 ₱ 1.00/₱ 200.00 Certificates of Profits or Interest in Property or Accumulations
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 178 ₱ 1.50/piece of check ₱ 3.00/piece of check Bank Checks, Drafts, Certificates of Deposit not Bearing Interest, and Other Instruments
Section 179 ₱ 1.00/₱ 200.00 of FV ₱ 1.50/₱ 200.00 of FV
All Debt Instruments or a fraction of 365 days or a fraction of 365 days for instruments with for instruments with term of less than 1 year term of less than 1 year
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 180 ₱ 0.30/₱200.00 ₱ 0.60/₱200.00 All Bills of Exchange (between points within the Philippines) or Drafts Section 181 ₱ 0.30/₱200.00 ₱ 0.60/₱200.00 Acceptance of Bills of Exchange or Order Drawn in a Foreign Country but Payable in the Philippines
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 182 ₱ 0.30/₱200.00 ₱ 0.60/₱200.00 Foreign Bills of Exchange and Letters of Credit Section 183 Not Over ₱ 100K = Not Over ₱ 100K = Life Insurance Policies Exempt Exempt
Over ₱ 100K but not Over ₱ 100K but not
over ₱ 300K = ₱ 10.00 over ₱ 300K = ₱ 20.00
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 183 Over ₱ 300K but not Over ₱ 300K but not Life Insurance Policies over ₱ 500K – ₱ 25.00 over ₱ 500K – ₱ 50.00
Over ₱ 500K but not Over ₱ 500K but not
over ₱ 750K – ₱ 50.00 over ₱ 750K – ₱ 100.00
Over ₱ 750K but not Over ₱ 750K but not
over ₱ 1M – ₱ 75.00 over ₱ 1M – ₱ 150.00
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 183 Over ₱ 1M - ₱ 100.00 Over ₱ 1M - ₱ 200.00 Life Insurance Policies
Jai-Alai, Horse Race, ₱ 0.10 ₱ 0.20 Tickets, Lotto or Other Authorized Number Games Above ₱ 1.00 = Above ₱ 1.00 = ₱ 0.10/₱ 1.00 ₱ 0.20/₱ 1.00
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 191 Over ₱ 100.00 but not Over ₱ 100.00 but not Bills of Lading or over ₱ 1K = ₱1.00 over ₱ 1K = ₱2.00 Receipts
Over ₱ 1K = ₱10.00 Over ₱ 1K = ₱ 20.00
Section 192 ₱ 15.00/proxy vote ₱ 30.00/proxy vote
Proxies for Voting at any Election
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 193 ₱ 5.00/issued power of ₱ 10.00/issued power of Powers of Attorney attorney attorney
Section 194 First ₱ 2K = ₱ 3.00 First ₱ 2K = ₱ 6.00
Leases and Other Hiring Agreements Over ₱ 2K = Over ₱ 2K = ₱ 1.00/₱ 1K ₱ 2.00/₱ 1K
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 195 First ₱ 5K = ₱ 20.00 First ₱ 5K = ₱ 40.00 Mortgages, Pledges and Deeds of Trust Over ₱ 5K = Over ₱ 5K = ₱ 10.00/₱ 5K ₱ 20.00/₱ 5K Section 197 First 6 months = First 6 months = Charter Parties and ₱ 500.00 + ₱ 50.00 for ₱ 1K + ₱ 100.00 for Similar Instruments if each month or fractions each month or fractions gross tonnage of ship, of a month in excess of of a month in excess of vessel or steamer is 6 months 6 months 1,000 tons and below
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 197 First 6 months = First 6 months = Charter Parties and ₱ 1K + ₱ 100.00 for ₱ 2K + ₱ 200.00 for Similar Instruments if each month or each month or gross tonnage of ship, fractions of a month in fractions of a month in vessel or steamer is 1,001 excess of 6 months excess of 6 months tons to 10,000 tons Section 197 First 6 months = First 6 months = Charter Parties and ₱ 1.5K + ₱ 150.00 for ₱ 3K + ₱ 300.00 for Similar Instruments if each month or each month or gross tonnage of ship, fractions of a month in fractions of a month in vessel or steamer is more excess of 6 months excess of 6 months than 10,000 tons TRAIN Briefing – DST VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 196 No DST On first ₱ 1K = ₱15.00 Deeds of Sale, Conveyances and In excess of ₱ 1K or Donations of Real fractional part thereof = Property ₱ 15.00/₱ 1K
Transfers exempt from
donor’s tax under Section 101 (a) and (b) of the Tax Code shall be exempt from DST