The document summarizes changes to documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion (TRAIN) law. It provides a table comparing old and new tax rates from the National Internal Revenue Code for various financial instruments and transactions like shares of stock, insurance policies, bills of exchange, mortgages, and deeds of sale. The TRAIN law doubles or nearly doubles most documentary stamp tax rates.
The document summarizes changes to documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion (TRAIN) law. It provides a table comparing old and new tax rates from the National Internal Revenue Code for various financial instruments and transactions like shares of stock, insurance policies, bills of exchange, mortgages, and deeds of sale. The TRAIN law doubles or nearly doubles most documentary stamp tax rates.
The document summarizes changes to documentary stamp tax rates under the Tax Reform for Acceleration and Inclusion (TRAIN) law. It provides a table comparing old and new tax rates from the National Internal Revenue Code for various financial instruments and transactions like shares of stock, insurance policies, bills of exchange, mortgages, and deeds of sale. The TRAIN law doubles or nearly doubles most documentary stamp tax rates.
and Inclusion (TRAIN) – Documentary Stamp Tax NIRC Provision NIRC TRAIN Section 174 ₱ 1.00/₱ 200.00 ₱2.00/₱ 200.00 Original Issue of Shares of Stock
Section 175 ₱ 0.75/₱ 200.00 ₱ 1.50/₱ 200.00
Sales, Agreements to Sell, Memoranda of Sales, Deliveries or Transfer of Shares or Certificates of Stock with par value
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 175 25% of DST paid on 50% of DST paid on Sales, Agreements to original issue original issue Sell, Memoranda of Sales, Deliveries or Transfer of Shares or Certificates of Stock without par value Section 177 ₱ 0.50/₱ 200.00 ₱ 1.00/₱ 200.00 Certificates of Profits or Interest in Property or Accumulations
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 178 ₱ 1.50/piece of check ₱ 3.00/piece of check Bank Checks, Drafts, Certificates of Deposit not Bearing Interest, and Other Instruments
Section 179 ₱ 1.00/₱ 200.00 of FV ₱ 1.50/₱ 200.00 of FV
All Debt Instruments or a fraction of 365 days or a fraction of 365 days for instruments with for instruments with term of less than 1 year term of less than 1 year
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 180 ₱ 0.30/₱200.00 ₱ 0.60/₱200.00 All Bills of Exchange (between points within the Philippines) or Drafts Section 181 ₱ 0.30/₱200.00 ₱ 0.60/₱200.00 Acceptance of Bills of Exchange or Order Drawn in a Foreign Country but Payable in the Philippines
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 182 ₱ 0.30/₱200.00 ₱ 0.60/₱200.00 Foreign Bills of Exchange and Letters of Credit Section 183 Not Over ₱ 100K = Not Over ₱ 100K = Life Insurance Policies Exempt Exempt
Over ₱ 100K but not Over ₱ 100K but not
over ₱ 300K = ₱ 10.00 over ₱ 300K = ₱ 20.00
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 183 Over ₱ 300K but not Over ₱ 300K but not Life Insurance Policies over ₱ 500K – ₱ 25.00 over ₱ 500K – ₱ 50.00
Over ₱ 500K but not Over ₱ 500K but not
over ₱ 750K – ₱ 50.00 over ₱ 750K – ₱ 100.00
Over ₱ 750K but not Over ₱ 750K but not
over ₱ 1M – ₱ 75.00 over ₱ 1M – ₱ 150.00
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 183 Over ₱ 1M - ₱ 100.00 Over ₱ 1M - ₱ 200.00 Life Insurance Policies
Jai-Alai, Horse Race, ₱ 0.10 ₱ 0.20 Tickets, Lotto or Other Authorized Number Games Above ₱ 1.00 = Above ₱ 1.00 = ₱ 0.10/₱ 1.00 ₱ 0.20/₱ 1.00
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 191 Over ₱ 100.00 but not Over ₱ 100.00 but not Bills of Lading or over ₱ 1K = ₱1.00 over ₱ 1K = ₱2.00 Receipts
Over ₱ 1K = ₱10.00 Over ₱ 1K = ₱ 20.00
Section 192 ₱ 15.00/proxy vote ₱ 30.00/proxy vote
Proxies for Voting at any Election
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 193 ₱ 5.00/issued power of ₱ 10.00/issued power of Powers of Attorney attorney attorney
Section 194 First ₱ 2K = ₱ 3.00 First ₱ 2K = ₱ 6.00
Leases and Other Hiring Agreements Over ₱ 2K = Over ₱ 2K = ₱ 1.00/₱ 1K ₱ 2.00/₱ 1K
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 195 First ₱ 5K = ₱ 20.00 First ₱ 5K = ₱ 40.00 Mortgages, Pledges and Deeds of Trust Over ₱ 5K = Over ₱ 5K = ₱ 10.00/₱ 5K ₱ 20.00/₱ 5K Section 197 First 6 months = First 6 months = Charter Parties and ₱ 500.00 + ₱ 50.00 for ₱ 1K + ₱ 100.00 for Similar Instruments if each month or fractions each month or fractions gross tonnage of ship, of a month in excess of of a month in excess of vessel or steamer is 6 months 6 months 1,000 tons and below
TRAIN Briefing – DST
VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 197 First 6 months = First 6 months = Charter Parties and ₱ 1K + ₱ 100.00 for ₱ 2K + ₱ 200.00 for Similar Instruments if each month or each month or gross tonnage of ship, fractions of a month in fractions of a month in vessel or steamer is 1,001 excess of 6 months excess of 6 months tons to 10,000 tons Section 197 First 6 months = First 6 months = Charter Parties and ₱ 1.5K + ₱ 150.00 for ₱ 3K + ₱ 300.00 for Similar Instruments if each month or each month or gross tonnage of ship, fractions of a month in fractions of a month in vessel or steamer is more excess of 6 months excess of 6 months than 10,000 tons TRAIN Briefing – DST VER 1.0 – January 2018 NIRC Provision NIRC TRAIN Section 196 No DST On first ₱ 1K = ₱15.00 Deeds of Sale, Conveyances and In excess of ₱ 1K or Donations of Real fractional part thereof = Property ₱ 15.00/₱ 1K
Transfers exempt from
donor’s tax under Section 101 (a) and (b) of the Tax Code shall be exempt from DST