Republic Acts1 min read
Section 23Sec./Art. 23
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Section 199 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:
"Section 199. Documents and Papers Not Subject to Stamp Tax. - The provisions of Section173 to the contrary notwithstanding, the following instruments, documents, and papers shall be exempt from the documentary stamp tax:
x x x
(e) Sale, exchange, redemption, or other disposition of shares of stock listed and traded through a local or foreign stock exchange.
x x x
(o) Original issuance, redemption, or other disposition of shares in a mutual fund company.ℒαwρhi৷
(p) Issuance of certificate or other evidence of participation in a mutual fund or unit investment trust fund."
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.