Documentary Stamp Tax Exemption on the Certificates of Stock
BIR Ruling No. 555-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 3, 1959
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November 3, 1959 BIR RULING NO. 555-59 The Southern Industrial Projects, Inc. Room 619-620 Bank of P. I. Bldg. Plaza Cervantes, Manila Gentlemen : In reply to your query, I have the honor to inform you that if your corporation is not engaged in any business other than that for which the tax exemption was granted, the certificates of stock issued by it are exempt from the documentary stamp tax prescribed in section 212 of the National Internal Revenue Code. Very truly yours, MISAEL P. VERA Deputy Commissioner of Internal Revenue
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