documentary stamp tax

Exemptions from Documentary Stamp Tax in Philippines

By: Tax and Accounting Center Philippines Documentary stamp tax in the Philippines is imposed upon documents, instruments, loan agreements and papers, and upon acceptances, assignments, sales and transfers of the obligation, right or property incident thereto, and shall be paid by the person making, signing, issuing, accepting, or transferring the same wherever the document is

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Documentary Stamp Tax on Shares of Stock in the Philippines

Documentary stamp tax in the Philippines is imposed on the issuance and transfers of shares of stock in the Philippines, whether a par value shares of stock (with minimum fixed value for issuance in the Articles of Incorporation in the Philippines) or a no par value shares of stock. Documentary stamp tax on shares of

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Documentary Stamp Tax on CIA Philippines’ Documents

By: Garry S. Pagaspas The Bureau of Internal Revenue (BIR) has issued Revenue Memorandum Circular No. 36-2012 (RMC 36-2012)dated August 3, 2012 entitled “Clarification on whether documents mentioned in Section 199 o the Tax Code 0f 1997, as amended by Republic Act No. 9243, are subject to documentary stamp tax (DST) of P15.00 as prescribed

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Overview of Documentary Stamp Tax in the Philippines

By: Garry S. Pagaspas Under the National International Revenue Code (NIRC), a documentary stamp tax (DST) is imposed upon documents, instruments, loan agreements and papers, and upon acceptances, assignments, sales and transfers of the obligation, right or property incident thereto, there shall be levied, collected and paid for, and in respect of the transaction so had

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Internal Revenue Taxes in the Philippines

The National Internal Revenue Code of 1997 (Tax Code) under Republic Act No. 8424, as amended or the Tax Reform Act of 1997 enumerates the internal revenue taxes imposed and administered by the Bureau of Internal Revenue (BIR) under Section 21 as follows: SEC. 21. Sources of Revenue. – The following taxes, fees and charges are deemed

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Tax on Non-redemption of Properties under Involuntary Sale

Revenue Regulations No. 9-2012 dated June 1, 2012 (RR 9-2012) is entitled as “Implementing Sections 24(D)(1), 27(D)(5), 57, 106 and 196 of the National Internal Revenue Code of 1997 on Non-redemption of Properties Sold During Involuntary Sale.” RR 9-2012 is issued to take immediately in order to guide the buyers and sellers of properties under

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Views on Real Estate Mortgage for Microlending

A friend in the micro-lending industry once asked – “Is Real Estate Mortgage worth to look into for microlending?“ Let me share with you our view on the circumstances and benefits of Real Estate Mortgage (REM). REM is an accessory contract in the form of a collateral security for the  availment of the credit facility.

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