DST Collected on All Sales of Shares or Certificates of Stock
BIR Ruling No. 582-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 19, 1988
Full text
December 19, 1988 BIR RULING NO. 582-88 176 000-00 582-88 S i r : In reply to your letter dated November 7, 1988, please be informed that pursuant to Section 176 of the Tax Code, as amended, there shall be collected on all sales of shares or certificates of stock a documentary stamp tax of fifty centavos on each two hundred pesos, or fractional part thereof of the par value of such shares or certificates of stock. Such being the case, the documentary stamp tax to be collected on your sale of your shares of stock shall be based on the par value of said shares or certificates of stock. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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