DOCUMENTARY STAMP TAX

Contents

Description
Tax Form
Documentary Requirements
Tax Rates
Procedures
Deadlines
Related Revenue Issuances
Codal Reference
Frequently Asked Questions

Description
Documentary Stamp Tax is a tax on documents, instruments, loan agreements and
papers evidencing the acceptance, assignment, sale or transfer of an obligation, right
or property incident thereto.

Tax Form
BIR Form 2000 (Documentary Stamp Tax Declaration Return)
Documentary Requirements
1) Photocopy of document(s) to which the documentary stamp shall be affixed, in
case of constructive affixture of Documentary Stamp Tax
2) For metering machine users, a schedule of the details of usage or consumption of
documentary stamp
3) Proof of exemption under special law, if applicable
4) Duly approved Tax Debit Memo, if applicable

Tax Rates

Tax
Code
Document
Section

Taxable Unit

174

Debentures
and P200.00
Certificates
of fraction
Indebtedness
thereof

or

Tax
Due %
of
Taxable Base
Per Unit
Unit
.75%

Face
value
Document

175

P200.00
or
Original Issue of fraction
Shares of Stock thereof
with par value
P200.00
or 2.00
Original Issue of fraction
2.00
Shares of Stock thereof based
without par value on
actual
consideration

1%
1%

Par value of shares of

stocks
actual
consideration for the
issuance of shares of
stocks

176

Sales,
Agreements
to
Sell, Memoranda
of
Sales,
Deliveries
or P200.00
Transfer of Due- fraction
bills, Certificate of thereof
Obligation,
or
Shares
or
Certificates
of
Stock

1.50

.75%

Par value of such duebills,

certificate
of
obligation or stocks

177

Bonds,
Debentures,
Certificate
of P200.00
Stock
or fraction
Indebtedness
thereof
issued in foreign
Countries

1.50

.75%

Par value of such

bonds, debentures or
Certificate of Stocks

178

Certificate
of
P200.00
Profits or Interest
fraction
in
Property
or
thereof
Accumulation

.50

.25%

Face value of
certificate
memorandum

179

Bank
Checks,
Drafts, Certificate
of Deposit not On
each
1.50
bearing
interest Document
and
other
Instruments

180

Bonds,
Loan P200.00
Agreements,
fraction
Promissory Notes, thereof
Bills of Exchange,
Drafts,
Instruments and
Securities Issued

P1.50

or

or

or

or .30

.15%

of

such
/

Face value of the

instrument/document

by
the
Government
or
any
of
its
Instrumentalities,
Deposit
Substitutes Debt
Instrument,
Certificates
of
Deposit
bearing
interest
and
others
not
payable on sight
or
demand
(except
loan
agreement
or
promissory notes
exceeding
P250,000.00 for
personal use or
family use)

181

Bills of Exchange
or order drawn in P200.00
foreign
country fraction
but payable in the thereof
Philippines

.15%

.50

.25%

Amount Insured
the Policy

.50

12.5% Premium charged

.50

12.5% Premium charged

.30

Foreign Bills of P200.00

Exchange
and fraction
Letter of Credit
thereof

or

P200.00
Life
Insurance
fraction
Policies
thereof

or

183

184

Policies
Insurance
Property

185

P4.00
Fidelity
Bonds
premium
and
other
fraction
Insurance Policies
thereof

186

Policies
of
P200.00
Annuities, Annuity
fraction
or
other
thereof
instruments

186

Pre-Need Plans

P500.00
fraction

.30

Face value of such bill

of exchange or order
or the equivalent of
such
value,
if
expressed in foreign
currency

or

182

P4.00
Of
premium
upon
fraction
thereof

.15%

Face value of such bill

of exchange or order
or the equivalent of
such
value,
if
expressed in foreign
currency

or

or

or

1.50

or .50

75%
.10%

by

Capital of annuity, or
if unknown 33 1/3
times
the
annual
income
Value or amount of
the Plan

thereof
187

P4.00
Indemnity Bonds fraction
thereof

188

Certificates
of
Damage
or
otherwise
and
Certificate
or
document issued
by any customs
officers,
marine Each
surveyor, notary Certificate
public
and
certificate
required by law or
by
rules
and
regulations of a
public office

189

Warehouse
Receipts (except
Each Receipt 15.00
if value does not
exceed P200.00)

190

P1.00 cost of
ticket and
Additional
Jai-alai,
Horse
P0.10
on
Race
Tickets,
every P1.00
lotto
or
Other
.10
or
fraction
Authorized
thereof if cost
Number Games
of
ticket
exceeds
P1.00

191

Bills of Lading or
Receipts
Each Proxy
(except
charter
party)

15.00

193

Powers
Attorney

5.00

194

of Each
Document

or

.30

7.5%

Premium charged

10%

Cost of the ticket

15.00

Lease and other First 2,000

3.00
Hiring
For
every 1.00
agreements
of P1,000
or
memorandum or fractional
contract for hire, part thereof
use or rent of any in excess of
land or tenements the
first
or
portions P2,000
for
thereof
each year of
the term of
the contract

1.5%
1%

or agreement

195

First 5,000
Mortgages
On
each
Pledges of lands, P5,000
or
20.00
estate,
or fractional
10.00
property
and part thereof
Deeds of Trust
in excess of
5,000

196

Deed
of
Sale,
First 1,000
instrument
or
For
each
writing
and
additional
Conveyances
of
P1,000
or 15.00
Real
Property
fractional
15.00
(except
grants,
part thereof
patents or original
in excess of
certificate of the
P1,000
government)

197

Charter
parties 1,000
tons P500.00
and
Similar and below
for
the
Instruments
first
6
months
PlusP50
each
month or
fraction
thereof in
excess of
6 months
1,001
to
10,000 tons

Over
tons

10,000

P1,000 for
the first 6
months
Plus P100
each
month or
fraction
thereof in
excess of
6 months
P1,500 for
the first 6
months
Plus P150
each
month or
fraction
thereof in

.4%
.2%

Amount Secured
Amount Secured

1.5%
1.5%

Consideration or Fair
Market
Value,
whichever is higher (if
government
is
a
party, basis shall be
the consideration)

excess of
6 months

Procedures
File BIR Form No. 2000 in triplicate (two copies for the BIR and one copy for the
taxpayer) with the Authorized Agent Bank (AAB) in the Revenue District where the
seller or transferor is registered, for shares of stocks or where the property is
located, for real property. In places where there are no AAB, the return will be filed
directly with the Revenue Collection Officer or Authorized City or Municipal Treasurer.
Submit all documentary requirements and proof of payment to the Revenue District
Office having jurisdiction over the place of residence of the seller.

Deadlines
The Documentary Stamp Tax return (BIR Form 2000) shall be filed in
triplicate (two copies for the BIR and one copy for the taxpayer) within five
(5) days after the close of the month when the taxable document was made
signed, issued, accepted or transferred; when reloading a metering machine
becomes necessary; or upon remittance by Collection Agents of collection
from sale of loose stamps. The Documentary Stamp Tax shall be paid upon
filing of the return.
Related Revenue Issuances
RR No. 6-2001, RMO No. 8-98, RMO No. 15-2001
Codal Reference
Sec. 173 to Sec. 201 of the National Internal Revenue Code
Frequently Asked Questions
1) Who are required to file Documentary Stamp Tax Declaration Return?
a) In case of constructive affixture of documentary stamps, by the persons making,
signing, issuing, accepting or transferring documents, instruments, loan agreements
and papers, acceptances, assignments, sales and conveyances of the obligation,
right or property incident thereto wherever the document is made, signed, issued,
accepted or transferred when the obligation or right arises from Philippine sources or
the property is situated in the Philippines at the same time such act is done or
transaction had;

b) By metering machine user who imprints the Documentary Stamp Tax due on the
taxable documents; and
c) By Revenue Collection Agent, for remittance of sold loose documentary stamps.
Note: Wherever one party to the taxable document enjoys exemption from the tax
imposed, the other party who is not exempt will be the one directly liable to file
Documentary Stamp Tax Declaration and pay the applicable stamp tax.

2) Where is the Documentary Stamp Tax Declaration Return filed?

In the 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 where the property is located in case of sale of real property or where
the Collection Agent is assigned. In places where there is no Authorized Agent Bank,
the return will be filed with the Revenue Collection Officer or duly authorized City or
Municipal Treasurer where the taxpayer's residence or principal place of business is
located or where the property is located in case of sale of real property or where the
Collection Agent is assigned.

3) What are the documents/papers not subject to Documentary Stamp Tax?

Policies of insurance or annuities made or granted by a fraternal or

beneficiary society, order, association or cooperative company,
operated on the lodge system or local cooperation plan and organized
and conducted solely by the members thereof for the exclusive benefit
of each member and not for profit
Certificates of oaths administered by any government official in his
official capacity or acknowledgement by any government official in
performance of his official duty
Written appearance in any court by any government official in his
official capacity
Certificates of the administration of oaths to any person as to the
authenticity of any paper required to be filed in court by any person or
party thereto, whether the proceedings be civil or criminal
Papers and documents filed in court by or for the national, provincial,
city or municipal governments
Affidavits of poor persons for the purpose of proving poverty
Statements and other compulsory information required of persons or
corporations by the rules and regulations of the national, provincial,
city or municipal government exclusively for statistical purposes and
which are wholly for the use of the Bureau or office in which they are
filed, and not at the instance or for the use or benefit of the person
filing them
Certified copies and other certificates placed upon documents,
instruments and papers for the national, provincial, city or municipal

governments made at the instance and for the sole use of some other
branch of the national, provincial, city or municipal governments
Certificates of the assessed value of lands, not exceeding P200 in
value assessed, furnished by the provincial, city or municipal Treasurer
to applicants for registration of title to land

4) What are the implications of failure to stamp taxable documents?

The untaxed document will not be recorded, nor will it or any copy
thereof or any record of transfer of the same be admitted or used in
evidence in court until the requisite stamp or stamps have been affixed
thereto and cancelled
No notary public or other officer authorized to administer oaths will
add his jurat or acknowledgment to any document subject to
Documentary Stamp Tax unless the proper documentary stamps are
affixed thereto and cancelled.