1.

Original issued share of stocks-

INCREASE- .100%
OLD: 0.50% (1php on each 200)
NEW: 1% (2php on each 200)

VALUE: 1,000,000
5,000 (200)
DST: 10,000

2. Sales, Agreement to Sell, Memo of Sales, Deliveries or Transfer of Shares of

Certificate of Stock

THOSE WITH PAR VALUE:

INCREASE- .100%
OLD: . 38% (.75php on each 200)
NEW: .75% (1.50php on each 200)

VALUE: 1,000,000
5,000 (200)
DST: 7500 (3750)

THOSE WITHOU PAR VALUE:

INCREASE: 100%
OLD: 50% OF THE DST paid upon original issue
NEW: 100% OF THE DST

VALUE: 50,000
DST: 50,000

LISTED UNDER PSE

TAX CODE 199 (STOCK TRANSACTION TAX 5/10 OF 1%)

3. Bonds, Debentures, Certifcates of Stocks or Indebtedness issued by Foreign countries

TAX AS REQUIRED BY LAW

On all bonds, debentures, certificates of stock, or certificates of indebtedness issued in any
foreign country, there shall be collected from the person selling or transferring the same in
the Philippines, such as tax as is required by law on similar instruments when issued,
sold or transferred in the Philippines.
 4. Certificates of profits or interest in property or acculations

INCREASE- .100%
OLD: 0.25% (.50 on each 200)
NEW: .50% (1php on each 200)

VALUE: 1,000,000
5,000 (200) X1PHP
DST: 5000 (2500)

5. Bank Checks

INCREASE- .100%
OLD: 1.50php
NEW: 3php

6. Debt Instruments

INCREASE- 50%
OLD: 0.50% (1php on each 200)
NEW: 0.75% (1.50 php on each 200)

VALUE: 1,000,000
5,000 (200)X 1.50
DST: 7500 (5000)

7. Bills of exchanges or drafts

INCREASE- .100%
OLD: 0.15% (.30php on each 200)
NEW: 0.30% (.60php on each 200)

VALUE: 1,000,000
5,000 (200)
DST: 3000 (1500)

8. Acceptance of Bills of Exchange and Others

INCREASE- .100%
OLD: 0.15% (.30php on each 200)
NEW: 0.30% (.60php on each 200)
VALUE: 1,000,000
5,000 (200)
DST: 3000 (1500)

9. Foreign bills of exchange and Letters of Credit

INCREASE- .100%
OLD: 0.15% (.30php on each 200)
NEW: 0.30% (.60php on each 200)

VALUE: 1,000,000
5,000 (200)
DST: 3000 (1500)

10. Life Insurance Policies (ONE TIME DST) (MADE OR RENEWED)

INCREASE- .100%
OLD: 10-100
NEW: 20-200

LESS THAN 100K- EXEMPT

100K-300K- 20PHP
300K-500K- 50PHP
500K-750K- 100PHP
750K-1M- 150PHP
1M-ABOVE- 200PHP

VALUE: 1,000,000
DST: 200PHP

11. POLICIES INSURANCE UPON PROPERTY

INCREASE- SAME
OLD: 12. 50% (.50php on each 4)
NEW: 12.50% (.50php on each 4)

VALUE: 1,000,000
250,000 (4)
DST: 125000
 12. FIDELITY BONDS AND OTHER INSURANCE POLICIES

INCREASE- SAME
OLD: 12. 50% (.50php on each 4)
NEW: 12.50% (.50php on each 4)

VALUE: 1,000,000
250,000 (4)
DST: 125000

13. -Pre-need plans are contracts, agreements, deeds or plans for the benefit of the
planholders which provide for the performance of future service/s, payment of monetary
considerations or delivery of other benefits at the time of actual need or agreed maturity
date, as specified therein, in exchange for cash or installment amounts with or without
interest or insurance coverage and includes life, pension, education, interment and other
plans, instruments contracts or deeds as may in the future he determined by the
Commission. (R.A 9829, Pre-need Code of the Philippines)

INCREASE- .100%
OLD: 0.10% (.20php on each 200)
NEW: 0.20% (.40php on each 200)

VALUE: 1,000,000
5,000 (200)
DST: 2000 (1000)

14. Indemnity bonds- a bond indemnifying an obligee against loss that arises as a result of a
failure on the part of a principal to perform as required. For example, a lease bond guarantees
that a tenant will make his/her rental payments.

INCREASE- NO INCREASE
OLD: 7.50%
NEW: 7.50% (0.30 on each 200)

VALUE: 1,000,000
5,000 (200)
DST: 1500

15. Certificates-

INCREASE- .100%
OLD: .15PHP
NEW: .30PHP
NUMBER: 5X30
DST: 150 (75)

16. Warehouse Receipts- a document that provides proof of ownership of commodities that are
stored in a warehouse, vault, or depository for safekeeping. Warehouse receipts may be
negotiable or non-negotiable

INCREASE- .100%
OLD: 15PHP
NEW: 30PHP

NUMBER: 5X30
DST: 150 (75)

17. Jai-alai, horse race, tickets, lotto and other authorized game-

INCREASE- 100/%
OLD: .10% (if exceeds 1 peso, add. .10 for every 1 php or fraction)
NEW: .20% (if exceeds 1 peso, add. .20 for every 1 php or fraction)

VALUE: 1,000,000
1,000,000 X .20
DST: 200,000

18. Bill of lading-

INCREASE- .100%
OLD: .less than 100php-1000- 1php
more than 1000- 10php
NEW: .less than 100php-1000- 2php
more than 1000- 20php

VALUE: 1,000,000
DST: 20 PHP

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

INCREASE- .100%
OLD: 15php
NEW: 30php
NUMBER: 5X30
DST: 150 (75)

20. Powers of Attorney- is a written authorization to represent or act on another's behalf in

private affairs, business, or some other legal matter. The person authorizing the other to act is
the principal, grantor, or donor.

INCREASE- .100%
OLD: 5php
NEW: 10php

NUMBER: 5X10
DST: 50 (25)

21. Leases and hiring agreements-

INCREASE- .100%
OLD: Firt 2k- 3php
First 1k- 1php
NEW: Firt 2k- 6php
First 1k- 2php

VALUE: 1,000,000
FIRST 2K- 6PHP
998K- 2PHP
998 PLUS 6
DST: 2,004PHP (1,002PHP)

22. Mortagages, Pledges and Deeds of Trust

INCREASE- .100%
OLD: First 5K- 20php
each next 5k- 10php

NEW: First 5K- 40

each next 5k- 20php

VALUE: 1,000,000
FIRST 5K- 40PHP (40PHP)
995K- 20PHP (49750K)
DST: 49,790 (24,895)
23. Dead of Sale, Conveyances and Donations of Reals Property

INCREASE- NO INCREASE
FIRST 1K- 15 PHP
NEXT 1K- 15PHP

VALUE: 1,000,000
1000X15
DST: 15000

24. Charter Parties and Similar Instruments-

INCREASE- .100%
OLD- 500-1500
NEW: 1000-3K

REGISTERED- DOES NOT EXCEED 1000 TONS AND CONTRACT NOT EXCEED 6
MONTHS- 1,000PHP
EACH MONTH IN EXCESS OF 6 MONTHS- 100PHP

REGISTERED- EXCEED 1000 TONS- 10, 000 AND CONTRACT NOT EXCEED 6 MONTHS-
2,000PHP
EACH MONTH IN EXCESS OF 6 MONTHS- 200PHP

REGISTERED- EXCEED 10, 000 TONS AND CONTRACT NOT EXCEED 6 MONTHS-
3,000PHP
EACH MONTH IN EXCESS OF 6 MONTHS- 300PHP

SHIP: 100,000- 3000PHP

12 MONTHS- 6X300PHP- 1800
DST: 4800

25. Assignment and Renewals of Certain Instruments

SAME RATE AS ORIGINAL

SUMMARY:

EVERTHING INCREASE BY 100%

EXCEPTIONS:

1. DEBT INSTRUMENTS - 50%

NO INCREASE
1. INDEMNITY BONDS
2. DeEd of Sale, Conveyances and Donations of Reals Property

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 and Sec. 201 of NIRC

 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)

Under RA 9243, the exemption was effective for only five years (March 20,
2004 – March 20, 2009) and RA 9648 made the exemption permanent.

 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.
SEC. 200. Payment of Documentary Stamp Tax. –

(A) In General.- The provisions of Presidential Decree No. 1045 notwithstanding, any person
liable to pay documentary stamp tax upon any document subject to tax under Title VII of this
Code shall file a tax return and pay the tax in accordance with the rules and regulations to be
prescribed by the Secretary of Finance, upon recommendation of the Commissioner.

(B) Time for Filing and Payment of the Tax. - Except as provided by rules and regulations
promulgated by the Secretary of Finance, upon recommendation of the Commissioner, the tax
return prescribed in this Section shall be filed within ten (10) days after the close of the
month when the taxable document was made, signed, issued, accepted, or transferred,
and the tax thereon shall be paid at the same time the aforesaid return is filed.

THE Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular (RMC)
56-2019 on March 29, 2019 to align and unify the imposition of late penalties on the
payment of documentary stamp tax (DST) on the original issue of shares of stocks of
new corporations.

The deadline for filing DST is five 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,
through the monthly documentary stamp tax declaration/return (BIR Form 2000 v.
January 2018)

(C) Where to File.- Except in cases where the Commissioner otherwise permits, the aforesaid
tax return shall be filed with and the tax due shall be paid through the authorized agent bank
within the territorial jurisdiction of the Revenue District Office which has jurisdiction over
the residence or principal place of business of the taxpayer. In places where there is no
authorized agent bank, the return shall be filed with the Revenue District Officer,
collection agent, or duly authorized Treasurer of the city or municipality in which the
taxpayer has his legal residence or principal place of business.

(D) Exception. - In lieu of the foregoing provisions of this Section, the tax may be paid either
through purchase and actual affixture; or by imprinting the stamps through a
documentary stamp metering machine, on the taxable document, in the manner as may
be prescribed by rules and regulations to be promulgated by the Secretary of Finance,
upon recommendation of the Commissioner.

SEC. 201. Effect of Failure to Stamp Taxable Document. - 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 are affixed thereto and cancelled.

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