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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Seminar Schedules

January 2018

January 25, 2018 ThursdayBasic Income Taxation for Sole Proprietors under New ITR

January 26, 2018 FridayHow to Analyze Financial Statements for Managers and Entrepreneurs Seminar

January 27, 2018 SaturdayBasic Income Taxation for Corporation under New ITR

February 2018

February 01, 2018 Thursday – Input VAT Refund Seminar

February 02, 2018 FridayReturns and Reports Preparation under eBIR and Online Submission Seminar

February 03, 2018 SaturdayWithholding Taxes, Subjects and Applications

February 08, 2018 ThursdayHow to Register Business Entity in the Philippines Seminar

February 09, 2018 FridayBIR Examination: Their Procedures and Other Related Defenses

February 13, 2018 Tuesday – Tax Reforms for Acceleration and Inclusion (TRAIN) Seminar

February 15-16, 2018 Thursday & FridayBasic Business Taxation Simplified

February 17, 2018 SaturdayValue Added Tax: In and Out

February 22-23, 2018 Thursday & Friday – Basic Business Accounting and BIR Compliance for VAT Entities