Creation, Modification and Dropping of Alphanumeric Tax Codes (ATCs) of Selected Revenue Source Under the Tax Forms Enhancement Program

August 22, 2006 REVENUE MEMORANDUM ORDER NO. 16-06 SUBJECT : Creation, Modification and Dropping of Alphanumeric Tax Codes (ATCs) of Selected Revenue Source Under the Tax Forms Enhancement Program TO : All Collection Agents, Revenue District Officers, Other Internal Revenue Officers and Others Concerned I. Objective : To facilitate the proper identification and monitoring of payments for Documentary Stamp Tax pursuant to Revenue Regulations No. 13-2004 (Implementing the Provisions of Republic Act No. 9243, An Act Rationalizing the Provisions on the Documentary Stamp Tax of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes) and in connection with the Bureau's Tax Forms Enhancement Program. II. The following ATC is hereby created: ISSUANCE/ KIND OF TAX RATE LEGAL BASIS/ ATC BIR FORM REASONS AFFECTED Documentary Stamp Tax - Bills of Exchange or Drafts P0.30 on each Sec. 6 of RA DS 126 2000 P200.00 or No. 9243 fractional part and thereof, of the Sec. 6 of face value of RR 13-2004 any such bill of exchange or draft III. The following ATCs on Documentary Stamp Taxes are hereby modified: KINDS OF TAXES ISSUANCE/ BIR EXISTING NEW LEGAL BASIS/ FORM/S DESCRIPTION TAX RATES DESCRIPTION TAX RATES REASONS ATC AFFECTED Original Issue of P2.00 on Original Issue P1.00 on Sec. 2 of RA DS101 2000 Shares of Stock each P200.00 of Shares of each P200.00 No. 9243 or fractional Stock or fractional and part thereof part thereof, Sec. 3 of of the par RR No. 13-2004 value of such shares of stock Sales, Sales, Sec. 3 of RA 2000 and Agreements to Agreements No. 9243 2000OT Sell, Memoranda to Sell, and of Sales, Memoranda Sec. 4 of Deliveries or of Sales, RR No. 13-2004 Transfer of Due- Deliveries or Bills, Certificates Transfer of of Obligation, or Shares or Shares or Certificates of Certificates of Stock Stock 1. In case of P1.50/P200.00 1. In case of P0.75 on DS102 stock with par value stock with each P200.00 par value par value or fractional part thereof, of the par value of such stock 2. In case of 25% of DST 2. In case of 25% of DST DS125 stock paid on stock paid upon without par original issue without par the original value value issue of said stock All Bonds, Loan P0.30 on each All Debt P1.00 on Sec. 5 of RA DS106 2000 Agreements, P200.00 or Instruments each P200.00 No. 9243 Promissory Notes, fractional part or fractional and Bills of Exchange, thereof part thereof, Sec. 5 of Drafts, of the issue RR No. 13-2004 Instruments and price of any Securities issued such debt by the Gov't or instrument Any of its Instrumentalities, Deposit Substitute Debt Instruments, Certificates Of Deposits Bearing Interest and Others Not Payable on Sight or Demand Life Insurance P0.50 on each Life Insurance P0.50 on Sec. 7 of RA DS109 2000 Policies P200.00 or Policies each P200.00 No. 9243 fractional part or fractional and thereof, of part thereof, Sec. 7 of the amount of the RR No. 13-2004 insured by amount of any such premium policy collected Policies of Policies of Sec. 8 of RA DS112 2000 Annuities and Annuities and No. 9243 Pre-Need Plans Pre-Need and Plans Sec. 8 of RR No. 13-2004 1. On all policies P1.50 on each 1. On all P0.50 on of annuities, or P200.00 or policies of each P200.00 other fractional part annuities, or fractional instrument thereof, of the or other part thereof, whereby an capital of the instruments of the annuity may annuity whereby premium or be made, an annuity installment transferred or may be payment or redeemed made, contract transferred price or collected redeemed 2. On pre-need P0.50 on each 2. On pre-need P0.20 on plans P500.00 or plans each P200.00 fractional part or fractional thereof of the part thereof, value or of the amount of the premium or plan contribution collected IV. The following ATC is hereby dropped: ISSUANCE/LEGAL BIR FORM KIND OF TAX BASIS/REASONS ATC AFFECTED Documentary Stamp Tax Debentures and Certificate of Sec. 1 of RA No. 9243 DS100 2000 V. Repealing clause : This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. VI. Effectivity : This Revenue Memorandum Order shall take effect Immediately. (SGD.) JOSE MARIO C. BUAG Commissioner of Internal Revenue