Tax Rates

Tax Code Section 174 Tax Due Per Unit P1.50 % of Unit .75%

Document Debentures and Certificates of Indebtedness Original Issue of Shares of Stock with par value

Taxable Unit P200.00 or fraction thereof P200.00 or fraction thereof P200.00 or fraction thereof based on actual consideration P200.00 or fraction thereof P200.00 or fraction thereof P200.00 or fraction thereof On each Document

Taxable Base Face value of Document

2.00 2.00

1% 1%

175 Original Issue of Shares of Stock without par value Sales, Agreements to Sell, Memoranda of Sales, Deliveries or Transfer of Due-bills, Certificate of Obligation, or Shares or Certificates of Stock Bonds, Debentures, Certificate of Stock or Indebtedness issued in foreign Countries Certificate of Profits or Interest in Property or Accumulation Bank Checks, Drafts, Certificate of Deposit not bearing interest and other Instruments 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) Bills of Exchange or order drawn in foreign country but payable in the Philippines Foreign Bills of Exchange and Letter of Credit Life Insurance Policies Policies Of Insurance upon Property Fidelity Bonds and other Insurance Policies Policies of Annuities, Annuity or other instruments Pre-Need Plans Indemnity Bonds Certificates of Damage or otherwise and Certificate or document issued by any customs officers, marine surveyor, notary public and certificate

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

176

1.50

.75%

Par value of such due-bills, certificate of obligation or stocks Par value of such bonds, debentures or Certificate of Stocks Face value of such certificate / memorandum

177 178 179

1.50 .50 1.50

.75% .25%

180

P200.00 or fraction thereof

.30

.15%

Face value of the instrument/document

181

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 Face value of such bill of exchange or order or the equivalent of such value, if expressed in foreign currency Amount Insured by the Policy Premium charged Premium charged Capital of annuity, or if unknown 33 1/3 times the annual income Value or amount of the Plan Premium charged

182

P200.00 or fraction thereof P200.00 or fraction thereof P4.00 premium or fraction thereof P4.00 premium or fraction thereof P200.00 or fraction thereof P500.00 or fraction thereof P4.00 or fraction thereof Each Certificate

.30

.15%

183 184 185 186 186 187

.50 .50 .50 1.50 .50 .30

.25% 12.5% 12.5% 75% .10% 7.5%

188

15.00

required by law or by rules and regulations of a public office 189 Warehouse Receipts (except if value does not exceed P200.00) Each Receipt P1.00 cost of ticket and 190 Jai-alai, Horse Race Tickets, lotto or Other Authorized Number Games Additional P0.10 on every P1.00 or fraction thereof if cost of ticket exceeds P1.00 Each Proxy (except charter party) 193 Powers of Attorney Each Document First 2,000 For every P1,000 or Lease and other Hiring agreements of fractional part thereof memorandum or contract for hire, use or rent of any land or tenements or in excess of the first portions thereof P2,000 for each year of the term of the contract or agreement First 5,000 195 Mortgages Pledges of lands, estate, or property and Deeds of Trust On each P5,000 or fractional part thereof in excess of 5,000 First 1,000 196 Deed of Sale, instrument or writing and Conveyances of Real Property (except grants, patents or original certificate of the government) 15.00 For each additional P1,000 or fractional part thereof in excess of P1,000 1,000 tons and below 15.00 P500.00 for the first 6 months PlusP50 each month or fraction thereof in excess of 6 months 1.5% 1.5% Consideration or Fair Market Value, whichever is higher (if government is a party, basis shall be the consideration) 5.00 .10 10% Cost of the ticket 15.00

Bills of Lading or Receipts 191 15.00

3.00 1.00

1.5% 1%

194

20.00 10.00

.4% .2%

Amount Secured Amount Secured

197

Charter parties and Similar Instruments 1,001 to 10,000 tons

P1,000 for the first 6 months Plus P100 each month or fraction

thereof in excess of 6 months Over 10,000 tons P1,500 for the first 6 months Plus P150 each month or fraction thereof in excess of 6 months 198 Assignments and Renewals of Certain Instruments Same rate as imposed on original instrument