DOCUMENTARY STAMPS TAX

Transaction / Document Rate Tax Base

1. On every original issue, whether on organization, 1.00 On each Php200.00 or Par value
reorganization or for any lawful purpose, of shares of stock fractional part thereof
by any association, company or corporation
- if shares of stock without par value Actual consideration
- if stock dividends Actual value represented
2. On all sales, or agreements to sell, or memoranda of sales, 0.75 On each Php200.00 or Par value
or deliveries, or transfer of such securities by assignment in fractional part thereof
blank, or by delivery, or by any paper or agreement, or
memorandum or other evidences of transfer or sale whether
entitling the holder in any manner to the benefit of such
stock, or to secure the future payment of money, or the
future transfer of any stock
- if shares of stock without par value 25% DST paid on the original issue
3. On all bonds, debentures, certificates of stock, or certificate Same as when issued, sold or transferred in the Philippines
of indebtedness issues in any foreign country
4. On all certificates of profits, or any certificate or 0.50 On each Php200.00 or Face value
memorandum showing interest in the property or fractional part thereof
accumulations of any association, company or corporation
and on all transfers of such certificates or memoranda
5. On each bank check, draft, or certificate of deposit not 1.50
drawing interest, or order for the payment of any sum of
money drawn upon or issued by any bank, trust company,
or any person or persons, companies or corporations, at
sight or on demand
6. On every original issue of debt instruments 1/ 1.00 On each Php200.00 or Issue price
fractional part thereof
- if the term is less than one (1) year Proportional amount (ratio of its term in days to 365 days)
7. On all bills of exchange (between points within the 0.30 On each Php200.00 or Face value
Philippines) or drafts fractional part thereof
8. Upon acceptance or payment of any bill of exchange or order 0.30 On each Php200.00 or Face value or the Philippine
for the payment of money purporting to be drawn in a fractional part thereof equivalent, if expressed in
foreign country but payable in the Philippines foreign currency
9. On all foreign bills of exchange and letters of credit 0.30 On each Php200.00 or Face value or the Philippine
(including orders, by telegraph or otherwise, for the fractional part thereof equivalent, if expressed in
payment of money issued by express or steamship foreign currency
companies or by any person or persons) drawn in but
payable out of the Philippines in a set of three (3) or more
according to the custom of merchants and bankers
10. On all policies of insurance or other instruments, whereby 0.50 On each Php200.00 or Amount of premium collected
any insurance shall be made or renewed upon any life or fractional part thereof
lives
11. On all policies of insurance or other instruments, by which 0.50 On each Php4.00 or Amount of premium charged
insurance shall be made or renewed upon property of any fractional part thereof
description, including rents or profits, against peril by sea or
inland waters, or by fire or lightning 2/
12. On all policies of insurance or bonds or obligations of the 0.50 On each Php4.00 or Amount of premium charged
nature of indemnity for loss, damage, or liability made or fractional part thereof
renewed by any person, association, company or corporation
transacting business of accident, fidelity, employers liability,
plate, glass, steam boiler, burglar, elevator, automatic
sprinkler, or other branch of insurance (except life, marine,
inland, and fire insurance), and all bonds, undertakings, or
recognizances, conditioned for the performance of the duties
of any office or position, for the doing or not doing of
anything therein specified, and on all obligations
guaranteeing the validity or legality of any bond or other
obligations issued by any province, city, municipality, or
other public body or organization, and on all obligations
guaranteeing the title to any real estate, or guaranteeing
any mercantile credits, which may be made or renewed by
any such person, company or corporation
13. On all policies of annuities, or other instruments by whatever 0.50 On each Php200.00 or Premium or installment
name the same may be called, whereby an annuity may be fractional part thereof payment on contract price
made, transferred or redeemed collected
- on pre-need plans 0.20 On each Php200.00 or Premium or contribution
fractional part thereof collected
14. On all bonds for indemnifying any person, firm or 0.30 On each Php4.00 or Premium charged
corporation who shall become bound or engaged as surety fractional part thereof
for the payment of any sum of money or for the due
execution or performance of the duties of any office or
position or to account for money received by virtue thereof,
and on all other bonds of any description, except such as
may be required in legal proceedings, or are otherwise
provided for
 Transaction / Document Rate Tax Base
15. On each certificate of damages or otherwise, and on every 15.00
certificate or document issued by any customs officer,
marine surveyor, or other person acting as such, and on
each certificate issued by a notary public, and on each
certificate of any description required by law or by rules or
regulations of a public office, or which is issued for the
purpose of giving information, or establishing proof of a fact,
and not otherwise specified
16. On each warehouse receipt for property held in storage in a 15.00
public or private warehouse or yard for any person other
than the proprietor of such warehouse or yard 3/
17. On each jai-alai, horse race ticket, lotto, or other authorized 0.10
number games
- if the cost of the ticket exceeds Php1.00 0.10 On every Php1.00 or
additional fraction part thereof
18. On each set of bills of lading or receipts (except charter 1.00 If the value of the goods exceed Php100 and does not
party) for any goods, merchandise or effects shipped from exceed Php1,000
one port or place in the Philippines to another port or place
in the Philippines (except on ferries across rivers), or to any 10.00 If the value of the goods exceed Php1,000
foreign port 4/
19. On each proxy for voting at any election for officers of any 15.00
company or association, or for any other purpose, except
proxies issued affecting the affairs of associations or
corporations organized for religious, charitable or literary
purposes
20. On each power of attorney to perform any act whatsoever, 5.00
except acts connected with the collection of claims due from
or accruing to the Government of the Republic of the
Philippines, or the government of any province, city or
municipality
21. On each lease, agreement, memorandum, or contract for 3.00 For the first Php2,000
hire, use or rent of any lands or tenements, or portions 1.00 For every Php1,000 or fractional part thereof in excess
thereof additional of the first Php2,000 for each year of the term of the
contract or agreement
22. On every mortgage or pledge of lands, estate, or property, 20.00 For the first Php5,000
real or personal, heritable or movable, whatsoever, where 10.00 For every Php5,000 or fractional part thereof in excess
the same shall be made as a security for the payment of any of the first Php5,000
definite and certain sum of money lent at the time or
previously due and owing of forborne to be paid, being
payable and on any conveyance of land, estate, or property
whatsoever, in trust or to be sold, or otherwise converted
into money which shall be and intended only as security,
either by express stipulation or otherwise 5/
23. On all conveyances, deeds, instruments, or writings, other 15.00 For the first Php1,000 Consideration contracted to
than grants, patents or original certificates of adjudication 15.00 For every Php1,000 or be paid for such realty or on
issued by the Government, whereby any land, tenement, or additional fractional part thereof its fair market value
other realty sold shall be granted, assigned, transferred or in excess of the first determined in accordance
otherwise conveyed to the purchaser, or purchasers, or to Php1,000 with Section 6(E) of this
any other person or persons designated by such purchaser Code, whichever is higher OR
or purchasers the actual consideration, if
one of the contracting parties
is the Government
24. On every charter party, contract or agreement for the (a) If the registered gross tonnage of the ship, vessel or steamer does
charter of any ship, vessel or steamer, or any letter or not exceed 1,000 tons and the duration of the charter or contract does
memorandum or other writing between the captain, master not exceed 6 months: 500 and for each month or fraction of a month
or owner, or other person acting as agent of any ship, vessel in excess of 6 months, an additional tax of P50
or steamer, and any other person or persons for or relating
to the charter of any such ship, vessel or steamer, and on (b) If the registered gross tonnage exceeds one 1,000 tons and does
any renewal or transfer of such charter, contract, not exceed 10,000 tons and the duration of the charter or contract
agreement, letter or memorandum does not exceed 6 months: 1,000 and for each month or fraction of a
month in excess of 6 months, an additional tax of P100

(c) If the registered gross tonnage exceeds 10,000 tons and the
duration of the charter or contract does not exceed 6 months: 1,500
and for each month or fraction of a month in excess of 6 months, an
additional tax of One hundred fifty pesos P150
25. Upon each and every assignment or transfer of any DST at the same rate as that imposed on the original instrument
mortgage, lease or policy of insurance, or the renewal or
continuance of any agreement, contract, charter, or any
evidence of obligation or indebtedness by altering or
otherwise

1/ Debt instrument those instruments representing borrowing and lending transactions including but not limited to debentures,
certificates of indebtedness, due bills, bonds, loan agreements, including those signed abroad wherein the object of contract is located or
used in the Philippines, instruments and securities issued by the government of nay of its instrumentalities, deposit substitute debt
instruments, certificates of other evidences of deposits that are either drawing interest significantly higher than the regular savings
 deposit taking into consideration the size of the deposit and the risks involved or drawing interest and having maturity date, orders of
payment of any sum of money otherwise than at sight or on demand, promissory notes, whether negotiable or non-negotiable, except
bank notes for circulation

2/ There shall be no DST on reinsurance contracts or any instrument by which cession or acceptance of insurance risks under nay
reinsurance agreement is effected or recorded.

3/ No tax shall be collected on each warehouse receipt issued to any one person in any one calendar month covering property the value of
which does not exceed Php200.00.

4/ Freight tickets covering goods, merchandise or effects carried as accompanied baggage of passengers on land and water carriers
primarily engaged in the transportation of passengers are exempt

5/ On any mortgage, pledge, or deed of trust, where the same shall be made as a security for the payment of a fluctuating account or
future advances without fixed limit, the documentary stamp tax on such mortgage, pledge or deed of trust shall be computed on the
amount actually loaned or given at the time of the execution of the mortgage, pledge or deed of trust, additional documentary stamp tax
shall be paid which shall be computed on the basis of the amount advanced or loaned at the rates specified above: Provided, however,
That if the full amount of the loan or credit, granted under the mortgage, pledge or deed of trust shall be computed on the amount
actually loaned or given at the time of the execution of the mortgage, pledge or deed of trust. However, if subsequent advances are
made on such mortgage, pledge or deed of trust, additional documentary stamp tax shall be paid which shall be computed on the basis
of the amount advanced or loaned at the rates specified above: Provided, however, That if the full amount of the loan or credit, granted
under the mortgage, pledge or deed of trust is specified in such mortgage, pledge or deed of trust, the documentary stamp tax
prescribed in this Section shall be paid and computed on the full amount of the loan or credit granted.