BIR Ruling No. 113-61

March 6, 1961 BIR RULING NO. 113-61 Fidelity and Surety Company of the Philippine Islands Plaza Goiti, Manila Gentlemen : In connection with your request dated October 10, 1960, for permission to requisition documentary stamps printed by the documentary stamp meter machine of the Philippine Trust Company for affixture to the insurance policies, bonds and other documents issued by you, I have the honor to inform you that those who have been authorized to use the documentary stamp machine are required under the law to print the documentary stamps on the taxable document itself. They cannot print the documentary stamp on a tape and in turn affix the same to the taxable document. The use of one documentary stamp machine by two companies housed in the same building is authorized provided the above conditions and those embodied in the original grant of authority to use documentary stamp machine are complied with and provided further that a permit to use the same documentary stamp machine has been secured from this Office. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue