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1
Q

Certificates of acknowledgement on the following taxable instruments when such certificates are necessary part of the instrument:

A
  • Power of Attorney
  • Contract of Lease of Land or Tenement
  • Deed of Mortgage, Pledge or Trust
  • Contract of Sale of Real Property
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2
Q

%Tax

Original Issue of Shares of Stock (Sec. 174)

A

P2.00 on
each P200 or
fractional part
thereof

TAX POINT: Upon
subscription

LIABLE: Issuing
Entity

per
Par Value
No Par Value
(Actual Consideration)
Actual Value
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3
Q

%Tax

Stock Dividends

A

P2.00 on
each P200 or
fractional part
thereof

TAX POINT: Upon
subscription

LIABLE: Issuing
Entity

TAX BASE: Par Value No Par Value (Actual Consideration) Actual Value

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4
Q

%Tax

Sales, Agreements to Sell, Memoranda of Sales, Deliveries or Transfer of Shares or Certificates of Stocks (Sec. 175)

A

P1.50 on each P200 or fractional part thereof for each sale or transfer regardless of issuance of certificate of stocks or obligation

50% of the DST paid on original issue (***if NO PAR)

TAX POINT: Upon
transfer of right, obligation or property

LIABLE: Transferor

TAX BASE: Par Value

***Only one tax shall be collected on each sale or transfer of stock from one person to another regardless of whether or not a certificate of stock is issued, indorsed or delivered in pursuance of such sale or transfer.

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5
Q

%Tax

Bonds, Debentures, Certificates of Stock or Indebtedness issued in Foreign Countries (Sec. 176)

A

P1.50 on each P200 or fractional part thereof

TAX POINT: Upon
transfer

LIABLE: Seller or Transferor in the Philippines

TAX BASE: Face Value

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6
Q

%Tax

Certificates of Profits or Interest in Property or Accumulations (Sec. 177)

A

P1.00 on each P200 or fractional part thereof

TAX POINT: Upon
transfer

LIABLE: Transferor

TAX BASE: Face Value

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7
Q

%Tax

Bank Checks, Drafts, Certificates of Deposit not Bearing Interest and other Instruments (Sec. 178)

A

P3.00/piece of check

TAX POINT: Upon
sight or demand

LIABLE: Issuer

TAX BASE: Per Document

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8
Q

%Tax

All Debt Instruments (Sec. 179)

A

P1.50 on each P200 or fractional part thereof

TAX POINT: Upon every original issue

LIABLE:

TAX BASE: issue price thereof

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9
Q

%Tax
All Bills of Exchange or Drafts
(Sec. 180)

A

P0.60 on each P200 or fractional part thereof

TAX POINT: Upon issuance

LIABLE: Issuer

TAX BASE: Face Value

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10
Q

%Tax
Upon Acceptance of Bills of Exchange and Others
(Sec. 181)

A

P0.60 on each P200 or fractional part thereof

TAX POINT: Upon acceptance or payment (drawn in a foreign country but payable in the Philippines)

LIABLE: Issuer

TAX BASE: Face Value or Phil. Equivalent of such value, if expressed in foreign currency

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11
Q

%Tax

Foreign Bills of Exchange and Letters of Credit (Sec. 182)

A

P0.60 on each P200 or fractional part thereof

TAX POINT: Drawn in but payable out of the Philippines in a set of three (3) or more according to custom of merchants or bankers

LIABLE: Issuer / Express or Steamship companies

TAX BASE: Face Value or Phil. Equivalent of such value, if expressed in foreign currency

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12
Q

%Tax
Life Insurance Policies
(Sec. 183)

A 
1 - 100,000 = Exempt
100,001 - 300,000 = Php 20.00
300,001 - 500,000 = Php 50.00
500,001 - 750,000 = Php 100.00
750,001 - 1,000,000 = Php 150.00

TAX POINT: Upon issuance or renewal

LIABLE: Insured

TAX BASE: Amount of insurance

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13
Q

%Tax

Policies of Insurance Upon Property (Sec. 184)

A

P0.50 on
each P4.00 or
fractional part thereof

TAX POINT: Upon issuance or renewal

***Note: No DST shall be collected on re- insurance contracts by which cession or acceptance of insurance risk under any re- insurance agreement is effected or recorded.

LIABLE: Insured

TAX BASE: Premium charged

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14
Q

%Tax

Fidelity Bonds and Other Insurance Policies (Sec. 185)

A

P0.50 on
each P4.00 or
fractional part thereof

TAX POINT: Upon issuance or renewal

LIABLE: Assured

TAX BASE: Premium charged

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15
Q

%Tax
Policies of Annuities
(Sec. 186)

A

P1.00 on each P200 or fractional part thereof

TAX POINT: Upon issuance

LIABLE: Insured or transferee

TAX BASE: Premium or installment payment on contract price collected

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16
Q

%Tax

Pre-Need Plans (Sec. 186)

A

P0.40 on each P200 or fractional part thereof

TAX POINT: Upon issuance

LIABLE: Insured or transferee

TAX BASE: Premium or contribution collected

17
Q

%Tax
Indemnity Bonds
(Sec. 187)

A

P0.30 on each
P4.00 or fractional part
thereof

TAX POINT: Upon issuance

LIABLE: Assured

TAX BASE: Premium
charged

18
Q

%Tax
Certificates (Sec.
188)

A

P30.00/certificate
issued

TAX POINT: Upon issuance

LIABLE: Importer

TAX BASE: Per
document

19
Q

%Tax
Warehouse Receipts
(Sec. 189)

A

Above P200, DST shall be P30.00, however, no tax shall be collected on each warehouse receipt issued to any person in any calendar month covering the value of which does not exceed P200.00

TAX POINT: Upon issuance

LIABLE: Any person other than the warehouse proprietor

TAX BASE: Per
document

20
Q

%Tax
Jai-Alai, Horse Race Tickets, Lotto or Other Authorized Numbers Games (Sec.
190)

A

P0.20 provided that if the cost of the ticket exceeds P1.00 additional tax of
P0.20 on every P1.00 or fractional part thereof

TAX POINT: Upon issuance

LIABLE: Ticket holders

TAX BASE: Cost of ticket

21
Q

%Tax

Bills of Lading or Receipts (Sec. 191)

A

P2.00- if the value of such goods exceeds P100
but does not exceed
P1,000

P20.00- if the value
exceeds P1,000

TAX POINT: Upon issuance

LIABLE: Bills / receipts holder

22
Q

%Tax

Proxies (Sec. 192)

A

P30.00/ proxy vote

TAX POINT: Upon issuance

LIABLE:

TAX BASE: Per document

23
Q

%Tax

Powers of Attorney (Sec. 193)

A

P10.00/ issued power of attorney

TAX POINT: Upon execution

LIABLE: Contracting parties

TAX BASE: Per document

24
Q

%Tax

Leases and Other Hiring Agreements (Sec. 194)

A

P6.00 for 1st
P2,000.00 or a
fractional part thereof and additional P2.00 for every P1,000.00 or a
fractional part thereof, in excess of 1st P2,000.00 for each year of term of said contract

TAX POINT: On lease, agreement, memorand um or contract for hire, use or rent of any lands

LIABLE: Lessor

TAX BASE: Per contract, lease / agreement

25
Q

%Tax
Mortgages, Pledges and Deeds of Trust (Sec.
195)

A

P40.00 when the amount secured does not exceed P5,000.00

P20.00 (additional) on each P5,000.00 or fractional part, in excess of P5,000.00

Computed on the amount actually loaned or given at time of mortgage execution, pledge & deeds of trust

TAX POINT: On every mortgage or pledge of lands, estate or property, used as security for payment

On any mortgage, pledge or deed of trust where the same shall be made as security for payment of a fluctuating account or future advances without fixed limit

LIABLE: Mortgage pledge

TAX BASE: Amount secured

26
Q

%Tax

Deeds of Sale and Conveyances of Real Property (Sec. 196)

A

P15.00 when consideration or value received or contracted, in excess of any encumbrance, does not exceed P1,000.00

P15.00 for each additional P1,000.00 or fractional part thereof in excess of P1,000.00

When amount of tax is incorrect, assess the property of its true value & collect the proper tax

TAX POINT: On all conveyance, deeds, instruments or writings, grants, patents or original certificates of adjudication issued by the Government

LIABLE:

TAX BASE: Per conveyance, deeds, instruments or writings

27
Q

%Tax

Charter Parties and Similar Instruments (Sec. 197)

A 
If the registered gross
tonnage of the ship,
vessel or streamer does
not exceed one
thousand (1,000) tons,
and the duration of the
charter or contract does
not exceed six (6)
months, One thousand
pesos (P1,000); and for
each month or fraction
of a month in excess of
six (6) months, an
additional tax of One
hundred pesos (P100)
shall be paid. If the registered gross tonnage
exceeds one thousand (1,000) tons and does not exceed ten thousand (10,000) tons, and the duration of the charter or contract does not exceed six (6) months, Two thousand pesos (P2,000); and for each month or fraction of a month in excess of six (6) months, an additional tax of Two hundred pesos (P200) shall be paid. If the registered gross tonnage exceeds ten
thousand (10,000) tons and
the duration of the charter or
contract does not exceed six
(6) months, Three thousand
pesos (P3,000); and for each
month or fraction of a month
in excess of six (6) months, an additional tax of Three
hundred pesos (P300) shall be paid.

TAX POINT: On every
charter party, contract or agreement for the charter of any ship, vessel or steamer or any letter or memorandum or other writing between captain, master or owner

LIABLE:

TAX BASE: Per every charter party, contract or agreement

28
Q

%Tax
Assignments and Renewals of Certain Instruments
(Sec. 198)

A

At the same rate as that imposed on the original instruments

TAX POINT: Upon each and every assignment or transfer of any mortgage, lease or policy of insurance

LIABLE:

TAX BASE: Per every assignment or transfer

29
Q

The trough Electronic Documentary Stamp Tax System is governed by what RR?

Bureau (24 decks)

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