DOCUMENTARY STAMP TAX

Question 1

Sale, barter, or exchange of shares of stock listed and traded through the local stock exchange

Answer 1

EXEMPT

Question 2

Original issue of shares

Answer 2

PHP 2.00 for every PHP 2.00 of the par value or actual consideration for no-par shares

Question 3

Other sales agreement, agreement to sell, memoranda of sales, delivery or transfer of shares or certificates stock

Answer 3

PHP 1.50 for every PHP 200 of the par value or 50% of the DST paid upon original issuance of no-par shares

Question 4

Bills of exchange or drafts

Answer 4

PHP 0.60 on each PHP 200 of the face value

Question 4

Deed of sale, conveyance of real property

Answer 4

PHP 15.00 for each PHP 1,000 of consideration/value or fractional part thereof

Question 5

Acceptance of bills of exchange and others

Answer 5

PHP 0.60 on each PHP 200 of the face value

Question 6

Foreign bills of exchange and letters of credit

Answer 6

PHP 0.60 on each PHP 200 of the face value

Question 7

Policies of annuities or other instruments

Answer 7

PHP 1.00 on each PHP 200 of premium or installment payment

Question 8

Certificates

Answer 8

PHP 30.00 per certificate

Question 9

Warehouse receipts

Answer 9

PHP 30.00 per warehouse receipt (valued at PHP 200 or more)

Question 10

Proxies

Answer 10

PHP 30.00 on each proxy of voting

Question 11

Leases and other hiring agreements

Answer 11

PHP 6.00 for the first PHP 2,000 + PHP 2.00 for every PHP 1,000 thereafter

Question 12

Powers of attorney

Answer 12

PHP 10.00 on each power of attorney; EXCEPT acts connected with claims due to/from the government

Question 13

Mortgages, pledges, and deeds of trust

Answer 13

PHP 40.00 for the first PHP 5,000 + PHP 20.00 on every PHP 5,000 thereafter

Question 14

DST on life insurance policies DOES NOT EXCEED 100,000

Answer 14

EXEMPT