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RMO No. 36-2007: Modifies the specification of tax rates of Documentary Stamp Tax on all debt instruments

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Summary

RMO No. 36-2007 modifies the specification of Documentary Stamp Tax (DST) rates on all debt instruments under the Tax Forms Enhancement Program.

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Key points

  1. New rate. The rate on original issue is P1.00 on each P200.00 or fractional part of the issue price of the debt instrument.
  2. Terms under one year. For a debt instrument with a term of less than 1 year, the DST collected is proportional, based on the ratio of its term in days to 365 days.

Who is affected

  • Issuers of debt instruments

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (1)

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CitesRR No. 13-2004

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.