Tax Rates

Tax Code Section

Document Taxable Unit Tax Due Per Unit

% of Unit

Taxable Base

174 Debentures and Certificates of Indebtedness

P200.00 or fraction thereof

P1.50 .75% Face value of Document

175

Original Issue of Shares of Stock with par value

Original Issue of Shares of Stock without par value

P200.00 or fraction thereof

P200.00 or fraction thereof based on

actual consideration

2.00

2.00

1%

1%

Par value of shares of stocks actual consideration for the issuance of shares of stocks

176

Sales, Agreements to Sell, Memoranda of Sales, Deliveries or Transfer of Due-bills, Certificate of Obligation, or Shares or Certificates of Stock

P200.00 or fraction thereof 1.50 .75%

Par value of such due-bills, certificate of obligation or

stocks

177Bonds, Debentures, Certificate of Stock or Indebtedness issued in foreign Countries 

P200.00 or fraction thereof 1.50 .75%

Par value of such bonds, debentures or Certificate of

Stocks

178 Certificate of Profits or Interest in Property or Accumulation

P200.00 or fraction thereof

.50 .25% Face value of such certificate / memorandum

179Bank Checks, Drafts, Certificate of Deposit not bearing interest and other Instruments 

On each Document 1.50

180

Bonds, Loan Agreements, Promissory Notes, Bills of Exchange, Drafts, Instruments and Securities Issued by the Government or any of its Instrumentalities, Deposit Substitutes Debt Instrument, Certificates of Deposit bearing interest and others not payable on sight or demand (except loan agreement or promissory notes exceeding P250,000.00 for personal use or family use)

P200.00 or fraction thereof

.30 .15% Face value of the instrument/document

181Bills of Exchange or order drawn in foreign country but payable in the Philippines

P200.00 or fraction thereof

.30 .15%

Face value of such bill of exchange or order or the

equivalent of such value, if expressed in foreign currency

182 Foreign Bills of Exchange and Letter of Credit

P200.00 or fraction thereof

.30 .15%

Face value of such bill of exchange or order or the

equivalent of such value, if expressed in foreign currency

183 Life Insurance Policies P200.00 or fraction thereof

.50 .25% Amount Insured by the Policy

184 Policies Of Insurance upon Property P4.00 premium or fraction thereof

.50 12.5% Premium charged

185 Fidelity Bonds and other Insurance Policies

P4.00 premium or fraction thereof

.50 12.5% Premium charged

186Policies of Annuities, Annuity or other instruments

P200.00 or fraction thereof 1.50 75%

Capital of annuity, or if unknown 33 1/3 times the

annual income

186 Pre-Need Plans P500.00 or fraction thereof

.50 .10% Value or amount of the Plan

187 Indemnity Bonds P4.00 or fraction thereof

.30 7.5% Premium charged

188

Certificates of Damage or otherwise and Certificate or document issued by any customs officers, marine surveyor, notary public and certificate required by law or by rules and regulations of a public office

Each Certificate 15.00

189 Warehouse Receipts (except if value does not exceed P200.00)

Each Receipt 15.00

190Jai-alai, Horse Race Tickets, lotto or Other Authorized Number Games

P1.00 cost of ticket and

Additional P0.10 on every P1.00 or

fraction thereof if cost of ticket exceeds

P1.00

.10 10% Cost of the ticket

191

Bills of Lading or Receipts

(except charter party)

Each Proxy 15.00

193 Powers of Attorney Each Document 5.00

194

Lease and other Hiring agreements of memorandum or contract for hire, use or rent of any land or tenements or portions thereof

First 2,000

For every P1,000 or fractional part

thereof

in excess of the first P2,000 for each year

of the term of the contract or agreement

3.00

1.00

1.5%

1%

195Mortgages Pledges of lands, estate, or property and Deeds of Trust

First 5,000

On each P5,000 or fractional part

thereof in excess of 5,000

20.00

10.00

.4%

.2%

Amount Secured

Amount Secured

196

Deed of Sale, instrument or writing and Conveyances of Real Property (except grants, patents or original certificate of the government)

First 1,000

For each additional P1,000 or fractional

part thereof in excess of P1,000

15.00

15.00

1.5%

1.5%

Consideration or Fair Market Value, whichever is higher (if government is a party, basis shall be the consideration)

197 Charter parties and Similar Instruments

1,000 tons and below

1,001 to 10,000 tons

Over 10,000 tons

P500.00 for the first 6

months PlusP50

each month or fraction

thereof in excess of 6 months

P1,000 for the first 6 months

Plus P100 each

month or fraction

thereof in excess of 6 months

P1,500 for the first 6 months

Plus P150 each

month or fraction

thereof in excess of 6 months

198Assignments and Renewals of Certain Instruments Same rate as imposed on original instrument