Stamp Tax on Deeds of Sale Conveyances and Donation of Real Property one of the

Stamp tax on deeds of sale conveyances and donation

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Stamp Tax on Deeds of Sale, Conveyances and Donation of Real Property. (one of the contracting parties is the Government) When the consideration, or value received or contracted to be paid for such realty, afer making proper allowance of any encumbrance, does not exceed One thousand pesos (PhP1,000), P15.00 Transfers exempt from donor’s tax under Section 101(a) and (b) of this Code shall be exempt from the tax imposed under this Section. For each additional One thousand pesos (PhP1,000), or fractional part thereof in excess of One thousand pesos (PhP1,000) of such consideration or value, P15.00 Stamp Tax on Charter Parties and Similar Instruments. every charter party, contract or agreement for the charter of any ship, vessel or streamer, or any letter or memorandum If the registered gross tonnage of the ship, vessel or steamer does not exceed one thousand (1,000) tons, and the duration of the charter or contract does not exceed six (6) months P1,000 for each month or fraction of a month in excess of six (6) months, an additional tax of One hundred pesos (PhP100) shall be paid. an additional tax of (PhP100) shall be paid. If the registered gross tonnage exceeds one thousand (1,000) tons and does not exceed ten thousand (10,000) tons, and the duration of the charter or contract does not exceed six (6) months, P2,000 for each month or fraction of a month in excess of six (6) months, an additional tax of P200 shall be paid. If the registered gross tonnage exceeds ten thousand (10,000) tons and the duration of the charter or contract does not exceed six (6) months, P3,000
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for each month or fraction of a month in excess of six (6) months, additional tax of P300 Stamp Tax on Assignments and Renewals of Certain Instruments. Collected and paid a documentary stamp tax, at the same rate as that imposed on the original instrument. Documents and Papers Not Subject to 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 to any government official in his official capacity, and 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 whether the proceedings be civil or criminal; 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 governments exclusively for statistical purposes and which are wholly for the use of the bureau not exceeding Two hundred pesos (PhP200) in value assessed, furnished by the provincial, city or municipal Treasurer to applicants for registration of title to land Borrowing and lending of securities executed under the Securities Borrowing and Lending Program.
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