Provided That any borrowing or lending of securities agreement shall be duly

Provided that any borrowing or lending of securities

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Provided: That any borrowing or lending of securities agreement shall be duly covered by a master securities borrowing and lending agreement acceptable to the appropriate regulatory authority, and which agreements is duly registered and approved by the Bureau of Internal Revenue. Loan agreements or promissory notes, the aggregate of which does not exceed Two hundred fify thousand pesos (PhP250,000), or any such amount as may be determined by the Secretary of Finance, and it is not for business or resale, barter or hire of a house, lot, motor vehicle, appliance or furniture: Provided, however, That the amount to be set by the Secretary of Finance shall be in accordance with a relevant price index but not to exceed ten percent (10%) of the current amount and shall remain in force at least for three (3) years. Sale, barter or exchange of shares of stock listed and traded through the local stock exchange Assignment or transfer of any mortgage, lease or policy of insurance, or the renewal or continuance of any agreement, contract, charter, or any evidence of obligation or indebtedness, if there is no change in the maturity date or remaining period of coverage from that of the original instrument. Fixed income and other securities traded in the secondary market or through an exchange. Derivatives: Provided, That for purposes of this exemption, repurchase agreements and reverse repurchase agreements shall be treated similarly as derivatives. Interbranch or interdepartmental advances within the same legal entity. All forbearances arising from sales or service contracts including credit card and trade receivables: Provided, That the exemption be limited to those executed by the seller or service provider itself. Bank deposit accounts without a fixed term or maturity. All contracts, deeds, documents and transactions related to the conduct of business of the Bangko Sentral ng Pilipinas. Transfer of property pursuant to Section 40(c)(2) of the National Internal Revenue Code of 1997, as amended. Interbank call loans with maturity of not more than seven (7) days to cover deficiency in reserves against deposit liabilities, including those between or among banks and quasibanks. Payment of Documentary Stamp Tax.
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General Rule: any person liable to pay documentary stamp tax upon any document subject to tax under Title VII of this Code shall file a tax return and pay the tax in accordance with the rules and regulations to be prescribed by the Secretary of Finance, upon recommendation of the Commissioner Time for Filing and Payment of the Tax Shall be filed within ten (10) days after the close of the month when the taxable document was made, signed, issued, accepted, or transferred, and the tax thereon shall be paid at the same time the aforesaid return is filed.
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