Documentary Stamp Tax (DST)

▪ A national tax
▪ An Excise tax
▪ Deductible for income tax expenses
▪ Defined as a tax upon documents, instruments, loan agreements, papers evidencing acceptances, assignments, sales and transfers of obligations, rights or
properties, and in respect of the transaction so had or accomplished.
▪ Collected whenever the document is:
T - transferred
A – accepted
Obligation and right arises from Philippine
M – made
sources, or the property is situated in the PH
I – issued
S – signed
▪ Imposed on the transaction rather than on the document.
▪ The transactions entered into by the taxpayer need not be embodied in a document or debt instrument for them to be subject.

Tax Document Taxable Unit Tax % of Taxable Base

Code Due Unit
Secti Per
on Unit
174 Original Issue of Shares of Stock with par value P200.00 or fraction 2.00 1% Par value of shares of
thereof stocks
P200.00 or fraction thereof 2.00 1% Actual consideration for the issuance of shares of
Original Issue of Shares of Stock without par value
stocks

Stock Dividend P200.00 or fraction thereof 2.00 1% Actual value represented by each share
175 Sales, Agreements to Sell, Memoranda of Sales, P200.00 or fraction thereof 1.50 0.75 Par value of such stock
Deliveries or Transfer of Shares or Certificates of %
Stock

Stock without par value 50% DST paid upon the original issuance of said stock.
176 Bonds, Debentures, Certificate of Stock or P200.00 or fraction thereof .75 .375 Par value of such bonds, debentures, Certificate of
Indebtedness issued in foreign Countries % Stock or Indebtedness
177 Certificate of Profits or Interest in Property or P200.00 or fraction thereof 1.00 .5% Face value of such certificates / memorandum
Accumulation
178 Bank Checks, Drafts, Certificate of Deposit not On each Document 3.00
bearing interest and other Instruments
179 All Debt Instruments P200.00 or fraction thereof 1.50 .75% Issue price of any such debt instruments or a
fraction of 365 days for instrument with term of less
than 1 year
180 All Bills of Exchange or Drafts P200.00 or fraction thereof .60 .3% Face value of any such bill of exchange or draft
181 Acceptance of Bills of Exchange or order for the P200.00 or fraction thereof .60 .3% Face value of such bill of exchange or order or the
payment of money purporting to be drawn in Philippine equivalent of such value, if expressed in
a foreign country but payable in the Philippines foreign currency
182 Foreign Bills of Exchange and Letters of Credit P200.00 or fraction thereof .60 .3% Face value of such bill of exchange or letter of credit
or the Philippine equivalent of such value, if
expressed in foreign currency
183 Life Insurance Policies If the amount of insurance exemp Amount of Insurance
does not exceed P100,000.00 t

If the amount of insurance

exceeds P100,000.00 but 20.00 Amount of Insurance
does not exceed P300,000.00

If the amount of insurance

exceeds P300,000.00 but
does not exceed P500,000.00 50.00 Amount of Insurance

If the amount of insurance

exceeds P500,000.00 but
does not exceed P750,000.00 100.0 Amount of Insurance
0
 If the amount of insurance
exceeds P750,000.00 but 150.0 Amount of Insurance
does not exceed 0
P1,000,000.00

If the amount of insurance

exceeds P1,000,000.00 200.0 Amount of Insurance
0
184 Policies Of Insurance upon Property P4.00 premium or fraction .50 12.5 Premium charged
thereof %
185 Fidelity Bonds and other Insurance Policies P4.00 premium or fraction .50 12.5 Premium charged
thereof %
186 Policies of Annuities or other instruments P200.00 or fraction thereof 1.00 .5% Premium or installment payment or contract price
collected
Pre-Need Plans P200.00 or fraction thereof .40 .20% Premium or contribution collected
187 Indemnity Bonds P4.00 or fraction thereof .30 7.5% Premium charged
188 Certificates of Damage or otherwise and Each Certificate 30.00
Certificate or document issued by any customs
officers, marine surveyor, notary public
and certificate required by law or by rules and
regulations of a public office
189 Warehouse Receipts (except if value does not Each Receipt 30.00
exceed P200.00)
190 Jai-alai, Horse Race Tickets, lotto or Other P1.00 and below cost of ticket .20 20% Cost of the ticket
Authorized Number Games

Additional P0.20 on every Cost of the ticket

P1.00 or fraction thereof if
cost of ticket exceeds P1.00
191 Bills of Lading or Receipts(except charter party) If the value of such goods 2.00 Value of such goods
exceeds P100.00 and does
not exceed P1,000.00

If the value exceeds P1,000.00 20.00 Value of such goods

Freight tickets covering goods,

merchandise or effects carried
as accompanied baggage of Exemp
passengers on land and water t
carriers primarily engaged in
the transportation of
passengers
192 Proxies (except proxies issued affecting the Each proxy 30.00
affairs of associations or corporations, organized
for religious, charitable or literary purposes)
193 Powers of Attorney (except acts connected with Each Document 10.00
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)
194 Leases and other Hiring agreements or First 2,000 or fractional part 6.00 .3%
memorandum or contract for hire, use or rent of thereof
any lands or tenements or portions thereof

For every P1,000 or fractional

part thereof in excess of 2.00 .2%
the first P2,000 for each year
of the term of the said contract
or agreement
195 Mortgage or Pledge of lands, estate, or property First 5,000 40.00 .8% Amount Secured
and Deeds of Trust

On each P5,000 or fractional 20.00 .4% Amount Secured

part thereof in excess of 5,000
196 Deed of Sale, Conveyances, Donations of
Real Property (except grants, patents or original
certificate of adjudication issued by the
government)
197 Charter parties and Similar Instruments
First 1,000
For each additional P1,000 or
fractional part thereof in
excess of P1,000
Charter parties and similar
instruments if gross tonnage of
the ship, vessel or steamer is:
15.00 1.5% Consideration or Fair Market Value, whichever is
higher (if government is a party, basis shall be the
consideration)
15.00 1.5% Consideration or Fair Market Value, whichever is
higher (if government is a party, basis shall be the
consideration)

1,000 tons and below 1st 6 Registered gross tonnage

months
P1,000.00
In excess +
P 100.00

1,001 to 10,000 tons 1st 6 Registered gross tonnage

months
P2,000.00
In excess +
P200.00

Over 10,000 tons 1st 6 Registered gross tonnage

months
P3,000
In excess +
300
198 Stamp Tax on Assignments and Renewals or At the same rate as that imposed on the original
Continuance of Certain Instruments instrument.
Persons Subject : https://www.bir.gov.ph/index.php/tax-information/documentary-stamp-tax.
The person making, signing, issuing, accepting, or transferring the document. When one party enjoys exemption, the other party who is not exempt shall be the one
directly liable for the tax.
Time of Filing and Payment:
Generally, the tax return shall be filed within 5 days after the close of the month when the document was made, signed, accepted or transferred.
Place of Filing and Payment:
1)Authorized agent bank (AAB) within the territorial jurisdiction of the RDO which has jurisdiction over the residence or principal place of business of the taxpayer; or
2)If there be no AAB, with the Revenue District Officer, collection agent, or duly authorized treasurer of the city or municipality in which the taxpayer has his legal
residence or principal place of business.
Modes of Payment:
1)The tax due on the return is paid at the time the return is filed; or
2)The tax may be paid through purchase and actual affixture of the DSTs on the document; or
3)By imprinting the DSTs, through a DST metering machine, on the taxable document; or
4)For certificates issued by government agencies and instrumentalities (GAs), the tax shall be paid to the GA which amount shall be indicated in the government official
receipt. Such receipt shall be attached to the certificate as proof of payment of the DST.
Effect of Failure to Stamp a Taxable Document:
1)Shall not be recorded;
2)Shall not be admitted or used in evidence in any court;
3)The notary public shall not add his jurat or acknowledgement to the document Until the DSTs are paid.