BIR Ruling [UN-133-94]
BIR Ruling [UN-133-94] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 11, 1994
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April 11, 1994 BIR RULING [UN-133-94] FDC Pawnshop Borromeo/Magallanes Streets Surigao City Attention: Mr . Pedro Cantillas, Jr . Managing Partner Gentlemen : This refers to your telegram which was received in this Office on March 9, 1994, requesting information as to whether pawnshop tickets are subject to the documentary stamp tax imposed by Section 195 of the Tax Code, as amended by RA No. 7660. You stated that pawners with P100.00 to P500.00 pawns as well as pawnshops earning only P5.00 to P25.00 on those transactions will complain if they will be required to pay P20.00 documentary stamp tax. In reply, please be informed in the affirmative, Revenue Memorandum Order No. 15-91 dated March 11, 1991 subjected to the 5% lending investor's tax the gross income of pawnshop beginning January 1, 1991. They (pawnshops) also became subject to the documentary stamp taxes prescribed in Title VII of the Tax Code. (Revenue Memorandum Circular No. 43-91 dated May 27, 1991) cdtech Very truly yours, ALICIA P. CLEMENO Officer-in-Charge (Legal Service)
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