Description

Documentary Stamp Tax is a tax on documents, instruments, loan agreements and papers evidencing the
acceptance, assignment, sale or transfer of an obligation, right or property incident thereto.

Tax Forms

BIR Form 2000 (Documentary Stamp Tax Declaration Return);

BIR Form 2000-OT Documentary Stamp Tax Declaration Return (One- Time Transactions)

Documentary Requirements

Mandatory

1. Photocopy of the document to which the documentary stamp shall be affixed

2. Proof of exemption under special laws, if applicable;
3. Proof of payment of documentary stamp tax paid upon the original issue of the stock, if
applicable.

Tax Rates

Tax Code Document Taxable Unit Tax Due Per % of Unit Taxable Base
Section Unit
174   Original Issue of Shares of Stock P200.00 or 2.00               1%  Par value of shares of
with par value fraction thereof     stocks                            
       
  2.00   Actual consideration for
Original Issue of Shares of Stock P200.00 or                      1%  the issuance of shares of
without par value fraction thereof     stocks                            
                       2.00                     
Stock Dividend   Actual value represented
  1% by each share
P200.00 or
fraction thereof
175   Sales, Agreements to Sell, P200.00 or 1.50     0.75%   Par value of such stock
Memoranda of Sales, fraction thereof          
Deliveries or Transfer of  50%  
Shares or   Certificates of  
Stock     
   
  DST paid upon the
  original issuance of said
Stock without par value stock.
 176   Bonds, Debentures, Certificate P200.00 or .75 .375% Par value of such bonds,
of Stock or Indebtedness fraction debentures, Certificate of
issued in foreign Countries  thereof  Stock or Indebtedness
 177   Certificate of Profits or P200.00 or 1.00 .5% Face value of such
Interest in Property or fraction thereof certificates /
Accumulation memorandum
178   Bank Checks, Drafts, On each 3.00    
Certificate of Deposit not Document
 bearing interest   and other
Instruments
179   All Debt Instruments P200.00 or 1.50 .75% Issue price of any such
fraction thereof debt instruments or a
fraction of 365 days for
instrument with term of
less than 1 year
180   All Bills of Exchange or Drafts P200.00 or .60 .3% Face value of any such
fraction thereof bill of exchange or draft
181   Acceptance of Bills of P200.00 or .60 .3% Face value of such bill of
Exchange or   order for the fraction thereof exchange or order or the
payment of money purporting Philippine equivalent of
to be drawn in a   foreign
such value, if expressed in
country but payable in the
Philippines foreign currency

182   Foreign Bills of Exchange and P200.00 or .60 .3% Face value of such bill of
Letters of Credit fraction thereof exchange or letter of
credit or the Philippine
equivalent of such value,
if expressed in foreign  
currency
 183      Life Insurance Policies If the amount exempt      Amount of Insurance
of insurance    
does not     
exceed    
P100,000.00 20.00    Amount of Insurance
      
      
If the amount    
of insurance    
exceeds 50.00   Amount of Insurance
P100,000.00    
but does not    
exceed     
P300,000.00     
  100.00    Amount of Insurance
     
If the amount    
of insurance     
exceeds    
P300,000.00 150.00    Amount of Insurance
but does not    
exceed    
P500,000.00     
     
  200.00 Amount of Insurance
If the amount
of insurance
exceeds
P500,000.00
but does not
exceed
P750,000.00
 
 
If the amount
of insurance
exceeds
P750,000.00
but does not
 exceed
P1,000,000.00
 
 
If the amount
of insurance
exceeds
P1,000,000.00
184 Policies Of Insurance upon P4.00 premium .50 12.5% Premium charged
Property or fraction
thereof
185 Fidelity Bonds and other P4.00 premium .50 12.5% Premium charged
Insurance Policies or fraction
thereof
186   Policies of Annuities  or other P200.00 or 1.00 .5% Premium or installment
instruments  fraction thereof     payment or contract price
        collected 
         
            
    .40 .20%  
Pre-Need Plans P200.00 or Premium or contribution  
fraction thereof collected
187 Indemnity Bonds P4.00 or fraction .30 7.5% Premium charged
thereof
188 Certificates of Damage or Each Certificate 30.00    
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
189 Warehouse Receipts (except if Each Receipt 30.00    
value does not exceed
P200.00)
190 Jai-alai, Horse Race Tickets, P1.00 and .20    20%     Cost of the ticket
lotto or Other Authorized below cost of  
Number   Games ticket  
  Cost of the ticket
 
Additional
P0.20 on every
P1.00 or
fraction thereof
if cost of  
ticket exceeds
P1.00
191   Bills of Lading or If the value of 2.00      Value of such goods
Receipts(except charter party) such goods     
exceeds     
P100.00 and     
does not 20.00   Value of such goods
exceed       
P1,000.00  
   
  Exempt
If the value
exceeds
 P1,000.00
 
 
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
192  Proxies (except proxies issued Each proxy 30.00    
affecting the affairs of
associations or   corporations,
organized for religious,
charitable or literary
purposes)
193   Powers of Attorney (except Each Document 10.00    
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)
194   Leases and other Hiring First 2,000 or 6.00 .3%  
agreements or memorandum fractional part    
or contract for hire, use or thereof    
rent of any lands or      
tenements or portions thereof   2.00   .2%
 
For every
P1,000 or
fractional part
thereof in
excess of the  
first P2,000 for
each year of
the term of the
said contract or
agreement
195 Mortgage or Pledge of lands, First 5,000 40.00 .8% Amount Secured
estate, or property and Deeds        
of Trust        
On each P5,000 20.00 .4% Amount Secured
or fractional
part thereof in
excess of 5,000
196 Deed of Sale, Conveyances, First 1,000 15.00 1.5% Consideration or Fair
Donations of Real   Property       Market Value, whichever
(except grants, patents or       is higher (if   government
original certificate of          is a party, basis shall be
adjudication issued by the            the consideration)
government)            
For each 15.00 1.5%  
 additional Consideration or Fair
P1,000 or Market Value, whichever
fractional part is higher (if   government
thereof in is a party, basis shall be
excess   of the consideration)
P1,000
197   Charter parties and Similar Charter parties      
Instruments and similar    
instruments if    
gross tonnage    
of the ship, 1st 6 months Registered gross tonnage
vessel or P1,000.00  
steamer is: In excess + P  
  100.00  
1,000 tons and    
below      
    Registered gross tonnage
  1st 6 months  
  P2,000.00  
   In excess +  
  P200.00  
1,001 to     
10,000 tons     
    Registered gross tonnage
  1st 6 months
  P3,000
  In excess +
   300
 
Over 10,000
tons
198   Stamp Tax on Assignments and   At the same    
Renewals or Continuance of rate as that
Certain   Instruments imposed on
the original
instrument.

Procedures

 BIR FORM 2000 - (DOCUMENTARY STAMP TAX DECLARATION RETURN)

Who Shall File

The return shall be filed in triplicate by the following:

1. In the case of constructive affixture of documentary stamps, by the person making, signing, issuing,
accepting, or transferring documents, instruments, loan agreements and papers, acceptances, assignments,
sales and conveyances of the obligation, right or property incident thereto wherever the document is
made, signed, issued, accepted or transferred when the obligation or right arises from Philippine sources
or the property is situated in the Philippines at the same time such act is done or transaction had;

2. In the case of Electronic Documentary Stamp Tax (eDST) System user, by the taxpayers belonging to
the industries mandated to use the web-based eDST System in the payment/remittance of DST liabilities
and the affixture of the prescribed documentary stamp on taxable documents and taxpayers who, at their
option, choose to pay the DST liabilities thru the eDST System pursuant to Revenue Regulations (RR)
No. 7-2009; and

3. By a revenue collection agent for remittance of sold loose documentary stamps.

Whenever one party to the taxable document enjoys exemption from the tax herein imposed, the other
party thereto who is not exempt shall be the one directly liable for the tax.

When and Where to File

The return shall be filed within five (5) days after the close of the month when the taxable document was
made, signed, issued, accepted or transferred or upon remittance by revenue collection agents of
collection from the sale of loose documentary stamps.

The return shall be filed with the Authorized Agent Bank (AAB) within the territorial jurisdiction of the
Revenue District Office where the residence or place of business of the taxpayer is located or where the
collection agent is assigned. In places where there are no AABs, the return shall be filed directly with the
Revenue Collection Officer (RCO) within the Revenue District Office which has jurisdiction over the
residence or place of business of the taxpayer or where the collection agent is assigned.

When and Where to Pay

Upon filing of this return, the total amount payable shall be paid to the AAB where the return is filed
within five (5) days after the close of the month when the taxable document was made. In places where
there are no AABs, the tax shall be paid with the Revenue Collection Officer who shall issue an
Electronic Revenue Official Receipt (eROR) therefor.

When the return is filed with an AAB, taxpayer must accomplish and submit BIR-prescribed deposit slip,
which the bank teller shall machine validate as evidence that payment was received by the AAB. The
AAB receiving the tax return shall stamp mark the word “Received” on the return and also machine
validate the return as proof of filing the return and payment of the tax by the taxpayer, respectively. The
machine validation shall reflect the date of payment, amount paid and transactions code, the name of the
bank, branch code, teller’s code and teller’s initial. Bank debit memo number and date should be
indicated in the return for taxpayers paying under the bank debit system.

For eDST System User

Prior to the enrollment in the eDST System, taxpayers availing thereof, whether on the mandatory or
optional basis, shall be duly enrolled under the BIR Electronic Filing and Payment System (eFPS). In
paying the DST liabilities, BIR Form No. 2000 shall be filed and the amount due thereon shall be paid
thru the eFPS for taxpayers and PhilPass Facility of the Bangko Sentral ng Pilipinas for banks (AABs and
non-AABs).
For eFPS Taxpayer

The deadline for electronically filing and paying the taxes due thereon shall be in accordance with the
provisions of existing applicable revenue issuances.

 BIR FORM 2000-OT DOCUMENTARY STAMP TAX DECLARATION RETURN (ONE-

TIME TRANSACTIONS)

Who Shall File

The return shall be filed in triplicate by the person making, signing, issuing, accepting or transferring the
document or facility evidencing transaction pertaining to the following:

1. Sales, or agreements to sell, or memoranda of sale, or deliveries, or transfer of shares or certificates of

stock in any association, company, or corporation, or transfer of such securities by assignment in blank,
or by delivery, or by any paper or agreement, or memorandum or other evidences of transfer or sale
whether entitling the holder in any manner to the benefit of such stock, or to secure the future payment of
money, or for the future transfer of any stock, there shall be collected a documentary stamp tax of One
peso and fifty centavos (P1.50) on each Two hundred pesos (P200) or fractional part thereof, of the par
value of such due-bill, certificate of obligation or stock; Provided, That only one tax shall be collected on
each sale or transfer of stock from one person to another, regardless of whether or not a certificate of
stock is issued, indorsed, or delivered in pursuance of such sale or transfer: and Provided, further, That in
the case of stock without par value the amount of documentary stamp tax herein prescribed shall be
equivalent to fifty percent (50%) of the documentary stamp tax paid upon the original issue of said stock.

2. Conveyances, donations, deeds, instruments, or writings, other than grants, patents or original
certificates of adjudication issued by the Government, whereby any land, tenement, or other realty sold
shall be granted, assigned, transferred, donated or otherwise conveyed to the purchaser, or purchasers, or
to any other person or persons designated by such purchaser or purchasers or donee, there shall be
collected a documentary stamp tax, at the rates herein below prescribed, based on the consideration
contracted to be paid for such realty or on its fair market value determined in accordance with Section
6(E) of this Code, whichever is higher: Provided, That when one of the contracting parties is the
Government, the tax herein imposed shall be based on the actual consideration.

Whenever one party to the taxable document enjoys exemption from the tax herein imposed, the
other party thereto who is not exempt shall be the one directly liable for the tax.

When and Where to File and Pay

The return shall be filed and the tax paid within five (5) days after the close of the month when the
taxable document was made, signed, issued, accepted or transferred.

The return shall be filed with and the tax paid to the Authorized Agent Bank (AAB) within the territorial
jurisdiction of Revenue District Office (RDO) where the seller/transferor/donor is required to be
registered or where the property is located in case of sale of real property.

When the return is filed with an AAB, taxpayer must accomplish and submit BIR-prescribed deposit slip,
which the bank teller shall machine validate as evidence that payment was received by the AAB. The
AAB receiving the tax return shall stamp mark the word “Received” on the return and also machine
validate the return as proof of filing the return and payment of the tax by the taxpayer, respectively.
The machine validation shall reflect the date of payment, amount paid and transactions code, the name of
the bank, branch code, teller’s code and teller’s initial. Bank debit memo number and date should be
indicated in the return for taxpayers paying under the bank debit system.

Payments may also be made thru the epayment channels of AABs or online facility, credit/debit/prepaid
cards, and mobile payments.

Payments amounting to twenty thousand pesos (P 20,000.00) and below shall be paid in cash while
payments above twenty thousand pesos (P 20,000.00) shall be made through Manager’s Check or
Cashier’s Check to the Revenue Collection Officer of the RDO concerned.

Related Revenue Issuances

Revenue Regulations (RR) Nos. 9-2000, 6-2001, 13-2004, 7-2009, 6-2014, 4-2018

Revenue Memorandum Order (RMO) Nos. 8-1998, 15-2001, 13-2008, 14-2008

Revenue Memorandum Circular (RMC) Nos. 1-2010, 24-2010, 51-2010, 24-2011, 46-2014, 3-2018

OPM-AS-APMD 2017-06-06

OPM-AS-APMD 2017-06-01

Codal Reference

Secs. 51 to 70 of Republic Act No. 10963 of the Tax Reform for Acceleration and Inclusion (TRAIN)
Law

Sec. 173 to Sec. 201 of the National Internal Revenue Code (NIRC)

Frequently Asked Questions

1) What are the documents/ papers not subject to Documentary Stamp Tax?

Under Section 9 of Revenue Regulations No. 13-2004, the following documents and papers are not
subject to DST:

 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 by any government official in his official capacity or
acknowledgement by any government official in performance of his official duty
 Written appearance in any court by any government official in his official capacity
 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 or party thereto, whether the proceedings be civil or
criminal
 Papers and documents filed in court by or for the national, provincial, city or municipal
governments
 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 government exclusively for statistical
purposes and which are wholly for the use of the Bureau or office in which they are filed, and not
at the instance or for the use or benefit of the person filing them
 Certified copies and other certificates placed upon documents, instruments and papers for the
national, provincial, city or municipal governments made at the instance and for the sole use of
some other branch of the national, provincial, city or municipal governments
 Certificates of the assessed value of lands, not exceeding P200 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 of a registered exchange, or in accordance with regulations prescribed by the appropriate
regulatory authority: Provided, however, That any borrowing or lending of securities agreement
as contemplated hereof shall be duly covered by a master securities borrowing and lending
agreement acceptable to the appropriate regulatory authority, and which agreement is duly
registered and approved by the Bureau of Internal Revenue (BIR)
 Loan agreements or promissory notes, the aggregate of which does not exceed Two hundred fifty
thousand pesos (P250,000), or any such amount as may be determined by the Secretary of
Finance, executed by an individual for his purchase on installment for his personal use or that of
his family and 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
(R.A 9648)
 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
 Inter-branch 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
 Inter-bank 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 quasi-banks
Further, Section 20 of RR No. 4-2018 exempts from DST the following donations or gifts that are exempt
from donor’s tax:

a. Gifts Made by a Resident:

 Gifts made to or for the use of the National Government or any entity created by any of its
agencies which is not conducted for profit, or to any political subdivision of the said Government;
and
 Gifts in favor of an educational and/or charitable, religious, cultural or social welfare corporation,
institution, accredited nongovernment organization, trust or philanthropic organization or
research institution or organization: Provided, however, that not more than thirty percent (30%)
of said gifts shall be used by such donee for administration purposes. For the purpose of this
exemption, a 'non-profit educational and/or charitable corporation, institution, accredited
nongovernment organization, trust or philanthropic organization and/or research institution or
organization' is a school, college or university and/or charitable corporation, accredited
nongovernment organization, trust or philanthropic organization and/or research institution or
organization, incorporated as a non-stock entity, paying no dividends, governed by trustees who
receive no compensation, and devoting all its income, whether students' fees or gifts, donation,
subsidies or other forms of philanthropy, to the accomplishment and promotion of the purposes
enumerated in its Articles of Incorporation.

b. Gifts Made by a Non-resident not a Citizen of the Philippines:

 Gifts made to or for the use of the National Government or any entity created by any of its
agencies which is not conducted for profit, or to any political subdivision of the said Government;
and
 Gifts in favor of an educational and/or charitable, religious, cultural or social welfare corporation,
institution, accredited nongovernment organization, trust or philanthropic organization or
research institution or organization: Provided, however, that not more than thirty percent (30%)
of said gifts shall be used by such donee for administration purposes.

2) Where is the Documentary Stamp Tax Declaration Return filed?

In the Authorized Agent Bank (AAB) within the territorial jurisdiction of the RDO which has jurisdiction
over the residence or principal place of business of the taxpayer or where the property is located in case of
sale of real property or where the Collection Agent is assigned. In places where there is no Authorized
Agent Bank, the return will be filed with the Revenue Collection Officer or duly authorized City or
Municipal Treasurer where the taxpayer's residence or principal place of business is located or where the
property is located in case of sale of real property or where the Collection Agent is assigned.

3) What are the documents/papers not subject to Documentary 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 by any government official in his official capacity or
acknowledgement by any government official in performance of his official duty
 Written appearance in any court by any government official in his official capacity
  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 or party thereto, whether the proceedings be civil or
criminal
 Papers and documents filed in court by or for the national, provincial, city or municipal
governments
 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 government exclusively for statistical
purposes and which are wholly for the use of the Bureau or office in which they are filed, and not
at the instance or for the use or benefit of the person filing them
 Certified copies and other certificates placed upon documents, instruments and papers for the
national, provincial, city or municipal governments made at the instance and for the sole use of
some other branch of the national, provincial, city or municipal governments
 Certificates of the assessed value of lands, not exceeding P200 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 of a registered exchange, or in accordance with regulations prescribed by the appropriate
regulatory authority: Provided, however, That any borrowing or lending of securities agreement
as contemplated hereof shall be duly covered by a master securities borrowing and lending
agreement acceptable to the appropriate regulatory authority, and which agreement is duly
registered and approved by the Bureau of Internal Revenue (BIR)
 Loan agreements or promissory notes, the aggregate of which does not exceed Two hundred fifty
thousand pesos (P250,000), or any such amount as may be determined by the Secretary of
Finance, executed by an individual for his purchase on installment for his personal use or that of
his family and 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
(R.A 9648)
 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 forebearances 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 quasi-banks   (sec. 9, RR
No. 13-2004)

4) What are the implications of failure to stamp taxable documents?

An instrument, document, or paper which is required by law to be stamped and which has been signed,
issued, accepted or transferred without being duly stamped, shall not be recorded, nor shall it or any copy
thereof or any record of transfer of the same be admitted or used in evidence in any court until the
requisite stamp or stamps shall have been affixed thereto and cancelled.

No notary public or other officer authorized to administer oaths shall add his jurat or acknowledgment to
any document subject to documentary stamp tax unless the proper documentary stamps are affixed thereto
and cancelled.

5) What is Electronic Documentary Stamp Tax (eDST) System?

The eDST is a web-based application created for taxpayers and the BIR that is capable of affixing a
secured documentary stamp on the taxable documents as defined under the appropriate provisions under
Title VII of the National Internal Revenue Code of 1997, as amended, thru the use of a computer unit, any
laser printer with at least 1200 dpi resolution, and Internet Explorer 7.0 It is also capable of providing a 3-
layer watermark on stamps for added security. (Sec. 5 (1), RR No. 7-2009)

6) Is DST Law applicable on Electronic Documents?

The DST rates as imposed under the Code, as amended by R.A. 9243 and further amended by R.A. 10963
shall be applicable on all documents not otherwise expressly exempted by the said law, notwithstanding
the fact that they are in electronic form. As provided for by R.A. 8792, otherwise known as the Electronic
Commerce Act, electronic documents are the functional equivalent of a written document under existing
laws, and the issuance thereof is therefore tantamount to the issuance of a written document, and therefore
subject to DST. (Sec. 10, RR No. 13-2004 as amended by RR No. 4-2018)

7) What are the inclusions of a debt instrument? 

“Debt Instrument” shall mean instruments representing borrowing and lending transaction including but
not limited to:

 debentures
 certificates of indebtedness
 due bills
 bonds
 loan agreements, including those signed abroad wherein the object of the contract is located or
used in the Philippines
 instruments and securities issued by the government or any of its instrumentalities
 deposit substitute debt instruments
 certificates or other evidences of deposits that are drawing instrument significantly higher than
the regular savings deposit taking into consideration the size of the deposit and the risks involved
 certificates or other evidences of deposits that are drawing interest and having a specific maturity
date
 promissory notes, whether negotiable or non-negotiable, except bank notes issued for circulation
(Sec. 5, RR No. 13-2004)

8) Is any document, transaction or arrangement entered into under Financial Lease subject to
Documentary Stamp Tax?
Financial lease is akin to a debt rather than a lease. A nature of an obligation than a lease of personal
property. The mere act of extending credit is already a means of facilitating an obligation or advancing in
behalf of the lessee certain property in lieu of cash in exchange for a definitive amortization to be paid to
the lessor with profit margin included. Section 179 of the NIRC, as amended, covers all debt instruments.
Therefore, being a nature of an obligation, any document, transaction or arrangement entered into under
financial lease is subject to DST under such Section of the NIRC, as amended. (RMC No. 46-2014)