Documentary Stamp Tax

Question 1

are taxes on documents, instruments, and papers evidencing the acceptance, assignment, sale or transfer of an obligation, rights or properties incident thereto

Answer 1

documentary stamp taxes

Question 2

what documents are not subject to tax?

Answer 2

• policies of insurance
• certificates of oaths
• written appearance in any court
• certificates of the administration of oaths
• affidavits of poor persons
• papers and documents filed in court

Question 3

who are required to pay the DST?

Answer 3

any person making, signing, issuing, accepting or transferring such obligation, right or property

Question 4

when to file?

Answer 4

within 5 days after the close of the month when the taxable document was made, signed, issued, accepted or transferred

Question 5

what are the implications of failure to stamp taxable documents?

Answer 5

is required by the law to be tamped and which has been signed, issued, accepted or transferred without being duly stamped