Modification on the Specification of Tax Rates of Documentary Stamp Tax on All Debt Instruments Under the Tax Forms Enhancement Program

November 29, 2007 REVENUE MEMORANDUM ORDER NO. 36-07 SUBJECT : Modification on the Specification of Tax Rates of Documentary Stamp Tax on All Debt Instruments 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 Documentary Stamp Tax on All Debt Instruments pursuant to Revenue Regulations No. 13-2004 and in connection with the Bureau's Tax Forms Enhancement Program. II. The following tax rate specification is hereby modified: Type of Tax Issuance/ BIR Existing New Legal Basis/ Form Description Tax Rate Description Tax Rate Reasons ATC Affected All Debt P1.00 on Original Issue P1.00 on each Sec. 5 of RA DS106 2000 Instruments each of All Debt P200.00 or No. 9243 P200.00 Instruments fractional part and or thereof, of the issue Sec. 5 of fractional price of any such RR No. 13- part thereof, debt instrument 2004 of the issue provided that for price of any such debt instrument such debt with terms of less instrument than 1 year, the DST to be collected shall be of a proportional amount in accordance with the ratio of its term in no. of days to 365 days III. Repealing clause : This Revenue Memorandum Order revises portions of all other issuances inconsistent herewith. aHECST IV. Effectivity This Revenue Memorandum Order shall take effect immediately. (SGD.) LILIAN B. HEFTI Commissioner of Internal Revenue