Scribd Logo
Upload

Welcome to Scribd!

  • Be It Enacted by The Senate and House of Representatives of The Philippines in Congress Assembled

    Uploaded by

    Joyce
    33 views1 page
    This document is the text of Republic Act No. 9648 which exempts the sale, barter, or exchange of shares of stock listed and traded through the Philippine stock exchange from documentary stamp tax. It amends Section 199 of the National Internal Revenue Code of 1997. The Act was approved on June 30, 2009 and takes effect on March 20, 2009 or the expiration of a previous 5-year exemption period under a prior law.

    Original Description:

    RA 9648

    Original Title

    RA 9648

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    This document is the text of Republic Act No. 9648 which exempts the sale, barter, or exchange of shares of stock listed and traded through the Philippine stock exchange from documentary stamp tax. It amends Section 199 of the National Internal Revenue Code of 1997. The Act was approved on June 30, 2009 and takes effect on March 20, 2009 or the expiration of a previous 5-year exemption period under a prior law.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    33 views1 page

    Be It Enacted by The Senate and House of Representatives of The Philippines in Congress Assembled

    Uploaded by

    Joyce
    This document is the text of Republic Act No. 9648 which exempts the sale, barter, or exchange of shares of stock listed and traded through the Philippine stock exchange from documentary stamp tax. It amends Section 199 of the National Internal Revenue Code of 1997. The Act was approved on June 30, 2009 and takes effect on March 20, 2009 or the expiration of a previous 5-year exemption period under a prior law.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 1

    9/27/2017 R.A.

    9648
    TodayisWednesday,September27,2017

    Custom Search

    RepublicofthePhilippines
    CongressofthePhilippines
    MetroManila

    FourteenthCongress

    SecondRegularSession

    BegunandheldinMetroManila,onMonday,thetwentyeightdayofJuly,twothousandeight.

    RepublicActNo.9648June30,2009

    ANACTEXEMPTINGFROMDOCUMENTARYSTAMPTAXANYSALE,BARTEROREXCHANGEOFSHARES
    OFSTOCKLISTEDANDTRADEDTHROUGHTHESTOCKEXCHANGE,FURTHERAMENDINGFORTHE
    PURPOSESECTION199OFTHENATIONALINTERNALREVENUECODEOF1997,ASAMENDEDBY
    REPUBLICACTNO.9243,ANDFOROTHERPURPOSES

    BeitenactedbytheSenateandHouseofRepresentativesofthePhilippinesinCongressassembled::

    Section1.Section199oftheNationalInternalRevenueCodeof1997,asamendedbyRepublicActNo.9243,is
    herebyfurtheramendedtoreadasfollows:

    "SEC.199.DocumentsandPapersNotSubjecttoStampTax.TheprovisionsofSection173tothecontrary
    notwithstanding, the following instruments, documents and papers shall be exempt from the documentary
    stamptax:

    "xxx

    "(e)Sale,barterorexchangeofsharesofstocklistedandtradedthroughthelocalstockexchange."

    Section 2. Implementing Rules and Regulations. The Secretary of Finance shall promulgate and publish the
    necessaryrulesandregulationsfortheeffectiveenforcementofthisAct.

    Section3.SeparabilityClause.IfanyprovisionofthisActisheldunconstitutionalorinvalid,allotherprovisions
    notaffectedtherebyshallremainvalid.

    Section4.RepealingClause.Alllaws,decrees,executiveorders,rulesandregulationsorpartsthereof,which
    areinconsistentwiththisAct,areherebyrepealed,amendedormodifiedaccordingly.

    Section5.Effectivity.ThisActshalltakeeffectonMarch20,2009orimmediatelyupontheexpirationofthefive
    (5)yearexemptionfromthedocumentarystamptaxonthesale,barterorexchangeofsharesofstocklistedand
    tradedthroughthelocalstockexchangepursuanttoRepublicActNo.9243.

    Approved,

    (Sgd.)JUANPONCEENRILE (Sgd.)PROSPEROC.NOGRALES
    PresidentoftheSenate SpeakeroftheHouseof
    Representatives

    ThisActwhichisaconsolidationofHouseBillNo.4900andSenateBillNo.3203wasfinallypassedbytheHouse
    ofRepresentativesandtheSenateonMay26,2009andMay25,2009,respectively.

    (Sgd.)EMMALIRIOREYES (Sgd.)MARILYNB.BARUAYAP
    SecretaryofSenate SecretaryGeneral

    HouseofRepresenatives

    Approved:JUN302009

    (Sgd.)GLORIAMACAPAGALARROYO
    PresidentofthePhilippines

    TheLawphilProjectArellanoLawFoundation

    http://www.lawphil.net/statutes/repacts/ra2009/ra_9648_2009.html 1/1

    You might also like