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New DST Rates Train
New DST Rates Train
New DST Rates Train
The Secretary of Finance has issued Revenue Regulations No. 4-2018 dated 19 December 2017 to implement the rate adjustment of documentary stamp taxes (DST) as provided
in the TRAIN Law.
Original issuance of shares PHP2.00 on each 200 of the par value; or in case of no-par value based on the actual consideration; or in case of
stock dividends based on the actual value of each share
Sales, agreements to sell, memoranda of sales, PHP1.50 on each 200 of the par value; or in case of no-par value, 50% of the DST paid upon original issuance
deliveries or transfer of shares thereof
Certificate of profits or interest in property or PHP1.00 on each 200 of the face value
accumulations
Bank checks, drafts, certificates of deposit not bearing PHP3.00 on each instrument
interest, and other instruments
Foreign bills of exchange and letters of credit PHP0.60 on each 200 of the face value
Policies of annuities or other instruments PHP1.00 on each 200 of premium or installment payment
Jai-alai, horse race tickets, lotto, or other authorized PHP0.20 on every 1.00 cost of the ticket
number games
Bills of lading or receipts PHP2.00 for bill/receipts not exceeding 1,000; or 20.00 for bill/receipts exceeding 1,000
Powers of attorney PHP10.00 on each power of attorney; except acts connected with claims due to/from the government
Leases and other hiring agreements PHP6.00 for the first 2,000 + PHP2.00 for every 1,000 thereafter
Mortgages, pledges, and deeds of trust PHP40.00 for the first 5,000 of the amount secured+ PHP20.00 on every 5,000 thereafter
Deeds of sale, and conveyances and donations of real PHP15.00 for every 1,000 of such consideration/value; transfers exempt from donor’s tax under Section 101 (a) and
property (b) of the Tax Code, as amended by the TRAIN Law are exempted from DST
In case of deeds of sale, and conveyances and donations of real property, when it appears that the DST amount payable has been reduced by an incorrect statement of the
consideration in any conveyance, deed, instrument or writing subject to such tax the Commissioner of Internal Revenue, provincial or city treasurer, or other revenue officer
shall, from the assessment rolls or other reliable source of information assess the property of its true market value and collect the proper tax thereon.
In addition to the DST rates listed above, the new DST rates for life insurance policies, and charter parties and similar parties are as follows:
Does not exceed 1,000 tons PHP1,000 + an additional tax of P100 for each month or fraction of a month in excess of 6 months.
Exceeds 1,000 tons and does not exceed 10,000 tons PHP2,000 + an additional tax of P200 for each month or fraction of a month in excess of 6 months.
Exceeds 10,000 tons PHP3,000 + an additional tax of P300 for each month or fraction of a month in excess of 6 months.