Accounting the Collections on Science Stamp Taxes which will Accrue to the Special Science Fund Pursuant to Republic Act No. 5448

December 9, 1968 REVENUE MEMORANDUM ORDER NO. 52-68 TO : All Collection Agents, Other Collecting Officers and Others Concerned SUBJECT : Accounting the Collections on Science Stamp Taxes which will Accrue to the Special Science Fund Pursuant to Republic Act No. 5448 Effective January 1, 1969, and pursuant to provisions of Republic Act No. 5448, science stamp taxes shall be collected in addition to the documentary stamp taxes imposed under Sections 211 to 235 of the National Internal Revenue Code. The science stamp taxes imposed shall be of the same amount as the regular documentary stamp taxes, except in cases of tax clearance certificate where the science stamp taxes shall be as follows: P50.00 on each certificate for first class passengers P30.00 on each certificate for second or tourist class passengers P5.00 on each certificate for third class or steerage passengers No science stamp tax shall, however, be imposed on freight tickets covering goods, merchandise, or effects carried as accompanied baggage of passengers on land and water carriers primarily engaged in the transportation of passengers; nor on certificates issued by notaries public or by persons authorized to administer oaths. In reporting and accounting for science stamp taxes, all collecting officers are advised to record such collections in the same book of accounts as the Highways Special Fund and the Sugar Research and Stabilization Fund are recorded, in accordance with Revenue Memorandum Circular No. 33-65 dated September 16, 1965. In preparing the Report of Collections (BIR Form No. 12.31) for these miscellaneous special funds, the respective amounts collected corresponding to each fund shall be properly identified in the report for the guidance of the Accounting Division in segregating the amounts that should accrue to each of the special funds. In the condensed report of collections (BIR Form No. 12.01), the collections of science stamp taxes shall be classified under a separate schedule as Schedule "J", Paragraph "1" or J-1". This order supplements Revenue Memorandum Circular No. 33-65, which establishes the Miscellaneous Special Funds of the Bureau. LLphil This Order takes effect January 1, 1969. MISAEL P. VERA Commissioner of Internal Revenue