Request for Permission to Affix Documentary Stamps on the Proofsheet or Abstract of Transaction

November 5, 1991 BIR RULING NO. 225-91 200 000-00 225-91 Gentlemen : In reply to your letter dated February 26 and June 25, 1991, requesting permission to affix documentary stamps on the proofsheet or abstract of transaction or similar summary of transaction, I have the honor to inform you that your request is hereby granted pursuant to Section 203 of Regulations No. 26, as amended by Regulations No. 77, Revenue Regulations No. 3-75 and as further amended by Revenue Regulations No. 5-88, otherwise known as the Documentary Stamp Tax Regulations, which provides, in part, as follows: cdt "Sec. 203. Manner of Payment of Documentary Stamp Tax . . . Provided, further , that with respect to Banks, the documentary stamps may be affixed in the proof sheets of each department: and that a note properly initialed by a responsible person on the face of such documents shall be made as follows: "Documentary stamps to the value of P _______ have been affixed to the proofsheet, . . .". Very truly yours, (SGD.) JOSE U. ONG Commissioner