There are things that should be considered when applying Documentary Stamp Tax (DST) on transactions. Penalties There shall be imposed and collected as part of the tax: 1. TRAIN is the first package under the comprehensive tax reform program of the government. The tax can be a way to determine how much a property sold for because the fee is often based on the real estate sales price. A closing statement, notarized bill of sale or Affidavit of Purchase Price is acceptable. Total Sell Settlement (RM) = Value of Shares – Brokerage Fees – Clearing Fees – Stamp Duty. WHEN Identification of the date the transaction has been made. The lower tax rate applies to donations made on or after January 1, 2018 when Tax Reform for Acceleration and Inclusion (TRAIN) Law took effect. Step 1 – Calculate the value of Shares. Now I will show you on how calculate all the component in the formula. The phrase ‘issuance of shares of stock’ upon which the documentary stamp tax is to be computed must likewise be viewed as permanent in character. Documentary Stamp Tax, at a rate of .75 per $500, must be paid on the purchase price of property or minerals at the time of recording. 88-2018, the revised BIR Form No. Sections 51 to 70 of TRAIN amend several sections of the NIRC that cover documentary stamp tax, which is a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation, right or property. No. HOW How to compute and file DST. A surcharge of twenty five percent (25%) for each of the following violations: a. The following should be considered: WHAT Determination of transactions that needs DST. In the Buena Mano Green Tag Foreclosed Property listings for example, it is explicitly stated that DST is for the account of the buyer and DST is 1.5% of the Selling Price (SP) or Zonal Value (ZV), whichever is higher. _____ , Revenue District Office No. Documentary Stamp Tax Computations. Each publicly recorded deed has the tax stamped or embedded on its face, thus the name "documentary stamp tax." According to Revenue Memorandum Circular No. To illustrate, I’ll reuse the example I used in my post about CGT. The rate of the donor’s tax is 6 percent plus 1.5 documentary stamp tax computed on the basis of the total gifts with the first P250,000 tax exempt. For example if you buy or sell 1,000 units of A shares at RM5.00 then you have to pay or received RM5,000. This is easy. The basic real estate tax for residential land with an assessed value of 400,000 pesos is computed this way: assessed value x tax rate = amount of tax. 2000 (Monthly Documentary Stamp Tax Declaration/Return) is now available for manual filers. How to compute Documentary Stamp Tax (DST) on transfer of real property in the Philippines? Let us say that this land is located in a town in Cebu, where the tax rate is 1 percent, then the amount of tax for a residential land with an assessed value of 400,000 is 4,000 pesos. How a Documentary Transfer Tax Works . When buying a foreclosed property, the buyer often shoulders the Documentary Stamp Tax (DST). Proof of the purchase price must accompany the deed. No. acknowledgment to any document subject to documentary stamp tax unless the proper documentary stamps are affixed thereto and cancelled. of Shares Unlisted Shares Fair Market Value / Book Value Selling Price Revenue Region No. CAPITAL GAINS TAX (CGT) and DOCUMENTARY STAMP TAX (DST) Name of Issuing Corp. ONEROUS TRANSFER OF SHARES OF STOCK NOT TRADED THROUGH THE LOCAL STOCK EXCHANGE Par Value Cost P200 Stock Cert.

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