TAX REVENUE CODE:

 Section 191. Authority of Local Government Units to Adjust Rates of Tax Ordinances. -

Local government units shall have the authority to adjust the tax rates as prescribed
herein not oftener than once every five (5) years, but in no case shall such adjustment
exceed ten percent (10%) of the rates fixed under this Code.

 SEC. 186. Stamp Tax on Policies of Annuities and Pre-Need Plans. - On all policies of

annuities, or other instruments by whatever name the same may be called, whereby an
annuity may be made, transferred or redeemed, there shall be collected a documentary
stamp tax of One peso and fifty centavos (P1)

Contract of Sale
 The main object is the transfer of property and delivery of possession of the property.

Contract for Work
 The main object is not the transfer of the property but it is one for work and labour.

ARTICLE 1467.
 A contract for the delivery at a certain price of an article which the vendor in the ordinary
course of his business manufactures or procures for the general market, whether the same
is on hand at the time or not, is a contract of sale, but if the goods are to be manufactured
specially for the customer and upon his special order, and not for the general market, it is a
contract for a piece of work. (n)

SALE vs. CONTRACT FOR A PIECE OF WORK (Article 1467)

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CONTRACT OF SALE

 a contract for the delivery at a certain price of an article which the vendor in the ordinary
course of business manufactures or procures for the general market, whether the same is
on hand or not.

 A CONTRACT OF SALE of a movable whose price is P500.00 or more is governed by the

Statute of Frauds

CONTRACT FOR A PIECE OF WORK

 is if the goods are to be manufactured specially for the customer and upon his special
order, and not for the general market.
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 A CONTRACT FOR A PIECE OF WORK - is not governed by the Statute OS Frauds even
if the amount is at least P500.00