Question & AnswerQ&A (REVENUE REGULATIONS NO. 4-2018)
Revenue Regulations No. 4-2018 implements the documentary stamp tax rate adjustments under Republic Act No. 10963 (TRAIN Law), pursuant to Sections 4 and 244 of Republic Act No. 8424 and Section 84 of Republic Act No. 10963.
One peso and fifty centavos (P1.50) on each Two hundred pesos (P200), or fractional part thereof, of the par value of such stock.
DST is Three pesos (P3.00) on each bank check, draft, or certificate of deposit not drawing interest or similar instruments.
Life insurance policies are exempt if the amount insured does not exceed P100,000. For policies exceeding P100,000, the DST ranges from P20 up to P200 depending on the amount insured, effectively doubling previous rates.
Six pesos (P6.00) for the first Two thousand pesos (P2,000) or fractional part thereof, plus an additional Two pesos (P2.00) for every One thousand pesos (P1,000) or fractional part above the first P2,000, per year of the term.
Yes, donations of real property are subject to DST, except those exempted under Sections 101(a) and (b) such as gifts made to government entities or to certain nonprofit educational, charitable, religious, cultural, or social welfare organizations.
Forty pesos (P40.00) when the amount secured does not exceed P5,000, and an additional Twenty pesos (P20.00) for each additional P5,000 or fractional part thereof.
The regulations take effect fifteen (15) days after publication in the Official Gazette or a newspaper of general circulation, whichever occurs first.