DOCUMENTARY STAMP TAX

Contents
Description
Tax Forms
Documentary Requirements
Tax Rates
Procedures
Dealines
Related Revenue Issuances
Codal References
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 Section Document Taxable Unit Tax Due Per Unit % of Unit Taxable Base
Debentures and
P200.00 or Face value of
174 Certificates of P1.50 .75%
fraction thereof Document
Indebtedness
Original Issue of P200.00 or
Shares of Stock with fraction thereof Par value of shares of
par value 2.00 1% stocks actual
P200.00 or
175 consideration for the
Original Issue of fraction thereof 2.00 1%
issuance of shares of
Shares of Stock based on actual
stocks
without par value consideration

Sales, Agreements
to Sell, Memoranda
of Sales, Deliveries
Par value of such due-
or Transfer of Due- P200.00 or
176 1.50 .75% bills, certificate of
bills, Certificate of fraction thereof
obligation or stocks
Obligation, or Shares
or Certificates of
Stock
Bonds, Debentures,
Certificate of Stock Par value of such
P200.00 or
177 or Indebtedness 1.50 .75% bonds, debentures or
fraction thereof
issued in foreign Certificate of Stocks
Countries
Certificate of Profits
Face value of such
or Interest in P200.00 or
178 .50 .25% certificate /
Property or fraction thereof
memorandum
Accumulation
Bank Checks, Drafts,
Certificate of Deposit
On each
179 not bearing interest 1.50
Document
and other
Instruments
 Bonds, Loan
Agreements,
Promissory Notes,
Bills of Exchange,
Drafts, Instruments
and Securities
Issued by the
Government or any
of its
Instrumentalities,
Deposit Substitutes
P200.00 or Face value of the
180 Debt Instrument, .30 .15%
fraction thereof instrument/document
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)
Face value of such bill
Bills of Exchange or
of exchange or order
order drawn in
P200.00 or or the equivalent of
181 foreign country but .30 .15%
fraction thereof such value, if
payable in the
expressed in foreign
Philippines
currency
Face value of such bill
of exchange or order
Foreign Bills of
P200.00 or or the equivalent of
182 Exchange and Letter .30 .15%
fraction thereof such value, if
of Credit
expressed in foreign
currency
Life Insurance P200.00 or Amount Insured by
183 .50 .25%
Policies fraction thereof the Policy
P4.00 premium
Policies Of Insurance
184 or fraction .50 12.5% Premium charged
upon Property
thereof
Fidelity Bonds and P4.00 premium
185 other Insurance or fraction .50 12.5% Premium charged
Policies thereof
Capital of annuity, or
Policies of Annuities,
P200.00 or if unknown 33 1/3
186 Annuity or other 1.50 75%
fraction thereof times the annual
instruments
income
P500.00 or Value or amount of
186 Pre-Need Plans .50 .10%
fraction thereof the Plan
P4.00 or
187 Indemnity Bonds .30 7.5% Premium charged
fraction thereof
Certificates of
Damage or otherwise
and Certificate or
document issued by
any customs officers,
188 marine surveyor, Each Certificate 15.00
notary public and
certificate required
by law or by rules
and regulations of a
public office
Warehouse Receipts
189 (except if value does Each Receipt 15.00
not exceed P200.00)
190 Jai-alai, Horse Race P1.00 cost of .10 10% Cost of the ticket
Tickets, lotto or ticket and
Other Authorized
Additional P0.10
Number Games
on every P1.00
or fraction
thereof if cost of
ticket exceeds
 P1.00

Bills of Lading or
Receipts
191 Each Proxy 15.00
(except charter
party)

193 Powers of Attorney Each Document 5.00

First 2,000
For every
Lease and other P1,000 or
Hiring agreements of fractional part
memorandum or thereof in 3.00 1.5%
194 contract for hire, use excess of the
1.00 1%
or rent of any land first P2,000 for
or tenements or each year of the
portions thereof term of the
contract or
agreement

First 5,000
Mortgages Pledges of
On each P5,000 20.00 .4% Amount Secured
lands, estate, or
195 or fractional
property and Deeds 10.00 .2% Amount Secured
part thereof in
of Trust
excess of 5,000

First 1,000
Deed of Sale,
instrument or writing For each Consideration or Fair
and Conveyances of additional Market Value,
15.00 1.5%
Real Property P1,000 or whichever is higher (if
196
(except grants, fractional part 15.00 1.5% government is a
patents or original thereof in party, basis shall be
certificate of the excess of the consideration)
government) P1,000

1,000 tons and P500.00 for the first 6

below months PlusP50 each month
or fraction thereof in excess
of 6 months

P1,000 for the first 6

months
1,001 to 10,000 Plus P100 each month or
Charter parties and tons fraction thereof in excess of Tonnage and duration
197
Similar Instruments 6 months of the contract

P1,500 for the first 6

months
Plus P150 each month or
fraction thereof in excess of
Over 10,000 6 months
tons

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.