Republic Acts1 min read
Section 8Sec./Art. 8
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Section 186 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:
"SEC. 186. Stamp Tax on Policies of Annuities and Pre-Need Plans. - On all policies of annuities, or other instruments by whatever name the same may be called, whereby an annuity may be made, transferred or redeemed, there shall be collected a documentary stamp tax of Fifty centavos (P0.50) on each Two hundred pesos (P200), or fractional part thereof, of the premium or installment payment or contract price collected. On pre-need plans, the documentary stamp tax shall be Twenty centavos (P0.20) on teach Two hundred pesos (P200), or fractional part thereof, of the premium or contribution collected."
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.