Republic Acts1 min read
Section 53Sec./Art. 53
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Section 177 of the NIRC, as amended, is hereby further amended to read as follows:
"Sec. 177. Stamp Tax on Certificates of Profits or Interest in Property or Accumulations. - On all certificates of profits, or any certificate or memorandum showing interest in the property or accumulations of any association, company or corporation, and on all transfers of such certificates or memoranda, there shall be collected a documentary stamp tax of One peso (₱1.00) on each Two hundred pesos (₱200), or fractional part thereof, of the face value of such certificates or memorandum."
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