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Schools must pay P15 documentary stamp tax for each diploma, official transcript given to students, BIR says

By Philippine Information Agency (PIA 8)
April 4, 2010

TACLOBAN CITY  –  As the time for students to enroll to higher institutions or to transfer in other school comes, the Bureau of Internal Revenue is reminding all schools to pay the documentary stamps.

Each diploma and official transcript of records given to students must have documentary stamp which costs P15, the BIR said.

Furthermore, all documentation issued by these schools including certifications, transcripts and other records, are subject to the DST pursuant to Section 188 of the Tax Code.

Documentary Stamp Tax is defined as a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation, right or property incident thereto.

The untaxed document will not be recorded, nor will it or any copy thereof or any record of transfer of the same be admitted or used in evidence in court until the requisite stamp or stamps have been affixed thereto and cancelled.

No notary public or other officer authorized to administer oaths will add his jurat or acknowledgment to any document subject to Documentary Stamp Tax unless the proper documentary stamps are affixed thereto and cancelled.

In line with its tax information campaign under "Making the Public Know" initiative, BIR Commissioner Joel Tan-Torres is appealing to all primary, secondary and tertiary schools to comply with this tax obligation.

The students requesting for certifications, transcript of records and other official documents must see to it that they pay the documentary stamp tax.