Imposable Documentary Stamp Tax abd Science Stamp Tax on Deed of Sale Executed in 1972 and 1976

November 16, 1987 BIR RULING NO. 365-87 209 000-00 365-87 S i r : In reply to your letter dated November 2, 1987, please be informed that deeds of sale executed in 1972 and 1976 are subject to a documentary stamp tax of P0.75 for the first P1,000.00 of the consideration; and for each additional P1,000.00 in excess of P1,000.00 of such consideration, P3.00, pursuant to Sec. 233 (now Sec. 209) of the old Tax Code, as amended. In addition, said documents are also subject to science stamp tax equal to 100% of the documentary stamp tax, pursuant to Sec. 4, R.A. 5448. Accordingly, the adverted documents should bear the respective amounts of documentary and science stamps indicated below: 1. Deed of absolute sale executed on December 29, 1972 by Francisca R. Torres in favor of Alice R. Torres for a consideration of P44,000.00: a) Documentary stamps First P1,000.00 P 0.75 Remaining P43,000 at P3.00 P129.00 P129. 75 per P1,000.00 b) Science stamps First P1,000.00 P0.75 Remaining P43,000 at P3.00 per P1,000.00 P129.00 P129.75 Total P259.50 ====== 2. Deed of absolute sale executed on May 17, 1976 by Alice R. Reyes in favor of Antonio R. Torres, Carlota R. Torres for a consideration of P33,000.00: a) Documentary stamp First P1,000 P0.75 Remaining P32,000.00 at P3.00 per P1,000.00 P96.00 P96.75 b) Science stamp First P1,000.00 P0.75 Remaining P32,000.00 at P3.00 per P1,000.00 P96.00 96.75 Total P193.50 ====== Please be advised further that the use of science stamp had been discontinued effective August 24, 1978, pursuant to Sec. 33, P.D. 1457, as implemented by Revenue Memorandum Circular No. 65-78 and Revenue Memorandum Order No. 25-78. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner