Contract of Purchase and Sale of Goods or Chattel
BIR Ruling No. 714-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 15, 1958
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December 15, 1958 BIR RULING NO. 714-58 Mr. Jose U. Roldan Attorney-at-Law 717-719 R. Hidalgo Quiapo, Manila S i r : In reply to your letter dated November 20, 1958, I have the honor to inform you that a contract of purchase and sale of goods or chattel is not subject to the documentary stamp tax prescribed in Sections 213 and 233 of the National Internal Revenue Code. Section 213 prescribes a documentary stamp tax on sales and transfer of bonds and certificates of stock while Section 233 imposes a documentary stamp tax on sale of real property. The acknowledgment which forms part of the document is, however, subject to the 30-centavo documentary stamp tax prescribed in Section 225 of the Tax Code. LLjur Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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