Legal Heads Up
Documentary Stamp Tax (DST) on every certificate the Securities and Exchange Commission (SEC) will issue.
Effective April 22, 2019, the SEC shall start collecting a DST of Php30.00 on every certificate it will issue.
This is pursuant to Sec. 188 of the Tax Code as amended by TRAIN Law:
“SEC. 188. Stamp on Tax on Certificates. – On each certificate of issuance of damage or otherwise, and on every other certificate or document issued by any customs officer, marine surveyor, or other person acting as such, and on each certificate issued by a notary public, and on each certificate of any description required by law or by rules or regulations of a public office, or which is issued for the purpose of giving information, or establishing proof of a fact, and not otherwise specified herein, there shall be collected a documentary stamp tax of Thirty pesos (Php30.00).”
Read the entire Notice here.
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