RMO No. 16-2006 — Create , modifie and drop certain Alphanumeric Tax Code of elected revenue ource to facilitate the proper identification and monitoring of payment for Documentary Stamp Tax Dige t | Full Text

REPUBLIKA NG PILIPINAS KAGAWARAN NG PANANALAPI KAWANIHAN NG RENTAS INTERNAS Quezon City AUGUST 22, 2006 REVENUE MEMORANDUM ORDER NO. 16-2006 SUBJECT : Creation, Modification and Dropping of Alphanumeric Tax Codes (ATCs) of Selected Revenue Source under the Tax Forms Enhancement Program TO : All Collection Agents, Revenue District Officers, Other Internal Revenue Officers and Others Concerned I. Objective : To facilitate the proper identification and monitoring of payments for Documentary Stamp Tax pursuant to Revenue Regulations No. 13-2004 (Implementing the Provisions of Republic Act No. 9243, An Act Rationalizing the Provisions on the Documentary Stamp Tax of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes) and in connection with the Bureau's Tax Forms Enhancement Program. II. The following ATC is hereby created : KIND OF TAX RATE ISSUANCE/ ATC BIR FORM LEGAL BASIS/ AFFECTED Documentary Stamp Tax REASONS - Bills of Exchange or Drafts P0.30 on each Sec. 6 of RA DS126 2000 P200.00 or No. 9243 and fractional part Sec. 6 of thereof, of the face value of RR 13-2004 any such bill of exchange or draft

III. The following ATCs on Documentary Stamp Taxes are hereby modified : KINDS OF TAXES ISSUANCE/ BIR LEGAL BASIS/ FORM/S EXISTING NEW ATC AFFECTED REASONS DESCRIPTION TAX RATES DESCRIPTION TAX RATES Original Issue of P 2.00 on each Original Issue P1.00 on Sec. 2 of RA DS101 2000 Shares of Stock P200.00 or of Shares of each P200.00 No. 9243 fractional part Stock or fractional and thereof part thereof, Sec. 3 of of the par value of such RR No.13-2004 shares of stock Sales, Sales, Sec. 3 of RA 2000 and Agreements to Agreements No. 9243 2000OT Sell, Memoranda to Sell, and of Sales, Memoranda Sec. 4 of Deliveries or of Sales, Transfer of Due- Deliveries or RR No. 13-2004 Bills, Certificates Transfer of of Obligation, or Shares or Shares or Certificates of Certificates of Stock Stock 1. In case of P1.50 /P 200.00 1. In case of P0.75 on DS102 stock with par value stock with each P200.00 DS125 par value par value or fractional part thereof, 2. In case of of the par stock value of such without par stock value 25% of DST 2. In case of 25% of DST paid on stock paid upon original issue without par the original value issue of said stock

KINDS OF TAXES ISSUANCE/ BIR LEGAL BASIS/ FORM/S EXISTING NEW ATC AFFECTED REASONS DESCRIPTION TAX RATES DESCRIPTION TAX RATES All Bonds, Loan P0.30 on each All Debt P1.00 on Sec. 5 of RA DS106 2000 Agreements, P200.00 or Instruments each P200.00 No. 9243 Promissory Notes, fractional part or fractional and Bills of Exchange, thereof part thereof, Sec. 5 of Drafts, of the issue Instruments and price of any RR No. 13-2004 Securities issued such debt by the Gov't or instrument Any of its Instrumentalities, Deposit Substitute Debt Instruments, Certificates Of Deposits Bearing Interest and Others Not Payable on Sight or Demand Life Insurance P0.50 on each Life Insurance P0.50 on Sec. 7 of RA DS109 2000 Policies P200.00 or Policies each P200.00 No. 9243 fractional part or fractional and thereof, of the part thereof, Sec. 7 of amount of the insured by any amount of RR No. 13-2004 such policy premium collected

KINDS OF TAXES ISSUANCE/ BIR LEGAL BASIS/ FORM/S EXISTING NEW ATC AFFECTED REASONS DESCRIPTION TAX RATES DESCRIPTION TAX RATES Policies of Policies of Sec. 8 of RA DS112 2000 Annuities and Annuities and No. 9243 Pre-Need Plans Pre-Need and Plans Sec. 8 of 1. On all RR No. 13-2004 policies of 1. On all policies P1.50 on each annuities, P0.50 on of annuities, or P200.00 or or other each P200.00 other fractional part instruments or fractional instrument thereof, of the whereby part thereof, whereby an capital of the an annuity of the annuity may annuity may be premium or be made, made, installment transferred or transferred payment or redeemed or contract redeemed price collected 2. On pre-need P0.50 on each 2. On pre- P0.20 on plans P500.00 or need each P200.00 fractional part plans or fractional thereof of the part thereof, value or of the amount of the premium or plan contribution collected IV. The following ATC is hereby dropped: KIND OF TAX ISSUANCE/ LEGAL BIR FORM BASIS/ REASONS AFFECTED ATC Documentary Stamp Tax Sec. 1 of RA No. 9243 DS100 2000 - Debentures and Certificate of Indebtedness

V. Repealing clause : This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. VI. Effectivity : This Revenue Memorandum Order shall take effect immediately. (Original Signed) JOSE MARIO C. BU�AG Commissioner of Internal Revenue B-3