Briefing on RA 10963:

Tax Reform for Acceleration

and Inclusion (TRAIN) –
Documentary Stamp Tax
 NIRC Provision NIRC TRAIN
Section 174 ₱ 1.00/₱ 200.00 ₱2.00/₱ 200.00
Original Issue of Shares
of Stock

Section 175 ₱ 0.75/₱ 200.00 ₱ 1.50/₱ 200.00

Sales, Agreements to
Sell, Memoranda of
Sales, Deliveries or
Transfer of Shares or
Certificates of Stock
with par value

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 175 25% of DST paid on 50% of DST paid on
Sales, Agreements to original issue original issue
Sell, Memoranda of
Sales, Deliveries or
Transfer of Shares or
Certificates of Stock
without par value
Section 177 ₱ 0.50/₱ 200.00 ₱ 1.00/₱ 200.00
Certificates of Profits or
Interest in Property or
Accumulations

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 178 ₱ 1.50/piece of check ₱ 3.00/piece of check
Bank Checks, Drafts,
Certificates of Deposit
not Bearing Interest,
and Other Instruments

Section 179 ₱ 1.00/₱ 200.00 of FV ₱ 1.50/₱ 200.00 of FV

All Debt Instruments or a fraction of 365 days or a fraction of 365 days
for instruments with for instruments with
term of less than 1 year term of less than 1 year

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 180 ₱ 0.30/₱200.00 ₱ 0.60/₱200.00
All Bills of Exchange
(between points within
the Philippines) or
Drafts
Section 181 ₱ 0.30/₱200.00 ₱ 0.60/₱200.00
Acceptance of Bills of
Exchange or Order
Drawn in a Foreign
Country but Payable in
the Philippines

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 182 ₱ 0.30/₱200.00 ₱ 0.60/₱200.00
Foreign Bills of
Exchange and Letters
of Credit
Section 183 Not Over ₱ 100K = Not Over ₱ 100K =
Life Insurance Policies Exempt Exempt

Over ₱ 100K but not Over ₱ 100K but not

over ₱ 300K = ₱ 10.00 over ₱ 300K = ₱ 20.00

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 183 Over ₱ 300K but not Over ₱ 300K but not
Life Insurance Policies over ₱ 500K – ₱ 25.00 over ₱ 500K – ₱ 50.00

Over ₱ 500K but not Over ₱ 500K but not

over ₱ 750K – ₱ 50.00 over ₱ 750K – ₱ 100.00

Over ₱ 750K but not Over ₱ 750K but not

over ₱ 1M – ₱ 75.00 over ₱ 1M – ₱ 150.00

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 183 Over ₱ 1M - ₱ 100.00 Over ₱ 1M - ₱ 200.00
Life Insurance Policies

Section 186 ₱ 0.50/₱200.00 ₱ 1.00/₱200.00

Policies of Annuities

Section 186 ₱ 0.20/₱200.00 ₱ 0.40/₱200.00

Pre-Need Plans

Section 188 ₱ 15.00/Certificate ₱ 30.00/Certificate

Certificates Issued

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 189 Above ₱ 200.00 = Above ₱ 200.00 =
Warehouse Receipts ₱15.00 ₱30.00

Section 190 ₱ 1.00 and below = ₱ 1.00 and below =

Jai-Alai, Horse Race, ₱ 0.10 ₱ 0.20
Tickets, Lotto or Other
Authorized Number
Games Above ₱ 1.00 = Above ₱ 1.00 =
₱ 0.10/₱ 1.00 ₱ 0.20/₱ 1.00

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 191 Over ₱ 100.00 but not Over ₱ 100.00 but not
Bills of Lading or over ₱ 1K = ₱1.00 over ₱ 1K = ₱2.00
Receipts

Over ₱ 1K = ₱10.00 Over ₱ 1K = ₱ 20.00

Section 192 ₱ 15.00/proxy vote ₱ 30.00/proxy vote

Proxies for Voting at
any Election

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 193 ₱ 5.00/issued power of ₱ 10.00/issued power of
Powers of Attorney attorney attorney

Section 194 First ₱ 2K = ₱ 3.00 First ₱ 2K = ₱ 6.00

Leases and Other
Hiring Agreements
Over ₱ 2K = Over ₱ 2K =
₱ 1.00/₱ 1K ₱ 2.00/₱ 1K

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 195 First ₱ 5K = ₱ 20.00 First ₱ 5K = ₱ 40.00
Mortgages, Pledges
and Deeds of Trust
Over ₱ 5K = Over ₱ 5K =
₱ 10.00/₱ 5K ₱ 20.00/₱ 5K
Section 197 First 6 months = First 6 months =
Charter Parties and ₱ 500.00 + ₱ 50.00 for ₱ 1K + ₱ 100.00 for
Similar Instruments if each month or fractions each month or fractions
gross tonnage of ship, of a month in excess of of a month in excess of
vessel or steamer is 6 months 6 months
1,000 tons and below

TRAIN Briefing – DST

VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 197 First 6 months = First 6 months =
Charter Parties and ₱ 1K + ₱ 100.00 for ₱ 2K + ₱ 200.00 for
Similar Instruments if each month or each month or
gross tonnage of ship, fractions of a month in fractions of a month in
vessel or steamer is 1,001 excess of 6 months excess of 6 months
tons to 10,000 tons
Section 197 First 6 months = First 6 months =
Charter Parties and ₱ 1.5K + ₱ 150.00 for ₱ 3K + ₱ 300.00 for
Similar Instruments if each month or each month or
gross tonnage of ship, fractions of a month in fractions of a month in
vessel or steamer is more excess of 6 months excess of 6 months
than 10,000 tons
TRAIN Briefing – DST
VER 1.0 – January 2018
 NIRC Provision NIRC TRAIN
Section 196 No DST On first ₱ 1K = ₱15.00
Deeds of Sale,
Conveyances and In excess of ₱ 1K or
Donations of Real fractional part thereof =
Property ₱ 15.00/₱ 1K

Transfers exempt from

donor’s tax under
Section 101 (a) and (b)
of the Tax Code shall
be exempt from DST

TRAIN Briefing – DST

VER 1.0 – January 2018