Stamp tax on fidelity bonds and other insurance policies Except life marine

Stamp tax on fidelity bonds and other insurance

This preview shows page 2 - 5 out of 6 pages.

Stamp tax on fidelity bonds and other insurance policies Except: life, marine, inland and fire insurance Include: employees P0.50 on each P4.00 of the amount premium charged Stamp tax on policies of annuities and pre-need plans DST on annuities P1.00 on each P200 of the premium or instalment payment on contract price collected DST on pre-need plans P0.40 on each P200 of the premium or contribution collected Stamp tax on indemnity bonds Engaged as surety P0.30 on each P4.00 of the premium charged Stamp tax on certificates Certificate issued by notary public, required by law or by rules and regulations of a public office P30.00 Stamp tax on warehouse receipts On each warehouse whether private or public P30.00 Provided: no tax shall be collected on each warehouse receipt issued to any one person in any one calendar month covering property the value of which does not exceed Two hundred pesos (PhP200).
Image of page 2

Subscribe to view the full document.

Stamp Tax on Jai-alai, Horse Race, Tickets, Lotto or Other Authorized Numbers Games Stamp tax P0.20 Provided: That if the cost of the ticket exceed One peso (PhP1.00), an additional tax of Twenty centavos (PhP0.20) on every One peso (PhP1.00), or fractional part thereof, shall be collected. Stamp Tax on Bills of Lading or Receipts. (merchandise or effects shipped from one port or place in the Philippines (except on ferries across rivers), or to any foreign port,) if the value of such goods exceeds One hundred pesos (PhP100) and does not exceed One thousand pesos (PhP1,000) P2.00 Provided: however, That freight tickets covering goods, merchandise or effects carried as accompanied baggage of passengers on land and water carriers primarily engaged in the transportation of passengers are hereby exempt. if the value exceeds One thousand pesos (PhP1,000) P20.00 Stamp Tax on Proxies except proxies issued affecting the affairs of associations or corporations organized for religious, charitable or literary purposes, P30.00 DST Stamp Tax on Powers of Attorney. except acts connected with the collection of claims due from or accruing to the Government of the Republic of the Philippines, or the government of any province, city or municipality, P10.00 Stamp Tax on Leases and Other Hiring Agreements. lease, agreement, memorandum, or contract for hire, use or rent of any lands or tenements first Two thousand pesos (PhP2,000), or fractional part thereof, P6.00 For every One thousand pesos (PhP1,000) or fractional part thereof, in excess of the first Two thousand pesos (PhP2,000) for each year of the term of said contract or agreement. additional Two pesos (PhP2.00) Stamp Tax on Mortgages, When the amount secured P40.00
Image of page 3
Pledges and Deeds of Trust. (intended as security) does not exceed Five thousand pesos (PhP5,000) On each Five thousand pesos (PhP5,000), or fractional part thereof in excess of Five thousand pesos (PhP5,000), additional tax of Twenty pesos P20.00.
Image of page 4

Subscribe to view the full document.

Image of page 5
  • Fall '15

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes