Module 5 Documentary Stamp Taxes

Module Outline

Reference:

Title VII, National Internal Revenue Code of 1997 (Sections 173-201)

Revenue Regulations No. 9-94
Revenue Memorandum Circular No. 47-97, Nov. 12, 1997
Revenue Regulations No. 4-99
Revenue Regulations No. 9-2000; August 31, 2000
Republic Act No. 9243, March 20, 2004
Revenue Regulations 13-2004, December 23, 2004
Commentaries of De Leon/Vitug and Acosta

A. Preliminary Topics

Definition Section 173, NIRC

Nature
Purpose
Persons liable-Section 173, NIRC; RR 9-2000

B. Rates and Basis of Taxes

Section 174 to 198, NIRC
Revenue Regulations 9-94, Sections 3 to 10
Revenue Memorandum Circular No. 47-97, Nov. 12, 1997
Revenue Regulations No. 4-99
Revenue Regulations 13-2004

C. Documents and papers not subject to tax

Section 199, NIRC

D. Compliance Requirements

Filing of return and payment of tax-Section 200, NIRC; Annex B, paragraph 7

Rev. Reg. 12-2001; Revenue Regulations No. 9-2000, August 31, 2000

Effect of failure to stamp taxable document-Section 201, NIRC