[1946 RA 40] AN ACT TO AMEND CERTAIN SECTIONS OF THE NATIONAL INTERNAL REVENUE CODE, RELATIVE TO DOCUMENTARY STAMP TAXES

Sec. 13. Section two hundred and twenty-four of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 224. Stamp tax on indemnity bonds. On all bonds for indemnifying any person, firm, or corporation who shall become bound or engaged as surety for the payment of any sum of money or for the due execution or performance of the duties of any office or position or to account for money received by virtue thereof, and on all other bonds of any description, except such as may be required in legal proceedings, or are otherwise provided for herein, there shall be collected a documentary stamp tax of seventy-five centavos." Sec. 14. Section two hundred and twenty-five of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 225. Stamp tax on certificates. On each certificate of damage, or otherwise, and on every other certificate or document issued by any customs officer, marine surveyor, or other person acting as such, and on each certificate issued by a notary public, and on each certificate of any description required by law, or by rules or regulations of a public office, or which is issued for the purpose of giving information, or establishing proof of a fact, and not otherwise specified herein, there shall be collected a documentary stamp tax of thirty centavos: Provided, That in the case of tax clearance certificates, there shall be collected a documentary stamp tax of fifteen pesos each on certificate for a first class passenger; eight pesos for a second or tourist class passenger; and two pesos for a third class or steerage passenger." Sec. 15. Section two hundred and twenty-six of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 226. Stamp tax on warehouse receipts. On each warehouse receipt for property held in storage in a public or private warehouse or yard for any other person than the proprietor of such warehouse or yard himself, there shall be collected a documentary stamp tax of thirty centavos: Provided, That no tax shall be collected on each warehouse receipt issued to any one person in any one calendar month covering property the value of which does not exceed two hundred pesos." Sec. 16. Section two hundred and twenty-seven of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 227. Stamp tax on bills of lading or receipts. On each set of bills of lading or receipts (except charter party) for any goods, merchandise, or effects shipped from one port or place in the Philippines to another port or place in the Philippines, or to any foreign port, there shall be collected a documentary stamp tax of six centavos, if the value of such goods exceeds five pesos and does not exceed two hundred pesos; fifteen centavos, if the value exceeds two hundred pesos and does not exceed one thousand pesos; thirty centavos, if the value exceeds one thousand pesos and does not exceed five thousand pesos; seventy-five centavos, if the value exceeds five thousand pesos and does not exceeds ten thousand pesos; and one peso and fifty centavos, if the value exceeds ten thousand pesos." Sec. 17. Section two hundred and twenty-eight of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 228. Stamp tax on passage tickets. On each passage ticket, whether a single fare or return ticket, or any receipt for money paid for the passage of a person on any vessel or other means of transportation other than a vessel or other means of transportation belonging to the Government of the Republic of the Philippines from any port or place in the Philippines to any port or place in any foreign country, there shall be collected a documentary stamp tax at the following rates: "(a) If said passage costs not more than sixty pesos, five pesos. "(b) If said passage costs more than sixty pesos and not more than one hundred twenty pesos, eight pesos. "(c ) If said passage costs more than one hundred and twenty pesos and not more than two hundred and fifty pesos, ten pesos. "(d) If said passage costs more than two hundred and fifty pesos and not more than five hundred pesos, fifteen pesos. "(e) If said passage costs more than five hundred pesos, twenty-five pesos." Sec. 18. Section two hundred and twenty-nine of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 229. Stamp tax on proxies. On each proxy for voting at any election for officers of any company or association, or for any other purpose, except proxies issued affecting the affairs of associations or corporations organized for religious, charitable, or literary purposes, there shall be collected a documentary stamp tax of fifty centavos." Sec. 19. Section two hundred and thirty of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 230. Stamp tax on powers of attorney. On each power of attorney to perform any act whatsoever, except acts connected with the collection of claims due from or accruing to the Government of the Republic of the Philippines or the government of any province, city, or municipality, there shall be collected a documentary stamp tax of thirty centavos: Provided, however, That on each power of attorney which authorizes another to administer, sell, lease, or otherwise dispose of the property of a principal, there shall be collected a documentary stamp tax of sixty centavos." Sec. 20. Section two hundred and thirty-one of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 231. Stamp tax on leases and other hiring agreement. On each lease, agreement, memorandum, or contract for hire, use, or rent of any lands or tenements, or portions thereof, there shall be collected a documentary stamp tax at the following rates: "(a) If executed for not more than one year, sixty centavos. "(b) If executed for more than one year and not more than three years, one peso and fifty centavos. "(c ) If executed for more than three years, three pesos." Sec. 21. Section two hundred and thirty-two of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 232. Stamp tax on mortgages, pledges, and deeds of trust. On every mortgage or pledge of lands, estate, or property, real or personal, heritable or movable, whatsoever, where the same shall be made as a security for the payment of any definite and certain sum of money lent at the time or previously due and owing or forborne to be paid being payable, and on any conveyance of land, estate, or property, whatsoever, in trust or to be sold, or otherwise converted into money, which shall be and intended only as security, either by express stipulation or otherwise, there shall be collected a documentary stamp tax at the following rates: "(a) When the amount for which the mortgage or deed of trust is given exceeds one thousand pesos and does not exceed three thousand pesos, one peso and fifty centavos. "(b) On each three thousand pesos or fractional part thereof in excess of three thousand pesos, an additional tax of one peso and fifty centavos." Sec. 22. Section two hundred and thirty-three of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 233. Stamp tax on deeds of sale and conveyances of real property. On all conveyances, deeds, instruments or writings, other than grants, patents, or original certificates of adjudication issued by the Government, whereby any lands, tenements, or other realty sold shall be granted, assigned, transferred, or otherwise conveyed to the purchaser or purchasers, or to any other person or persons designated by such purchaser or purchasers, there shall be collected a documentary stamp tax at the following rates: "(a) When the consideration, or value received or contracted to be paid for such realty, after making proper allowance for any incumbrance, exceeds two hundred pesos and does not exceed one thousand pesos, seventy-five centavos. "(b) For each additional one thousand pesos, or fractional part thereof in excess of one thousand pesos of such consideration or value, one peso and fifty centavos. "When it appears that the amount of the documentary stamp tax payable hereunder has been reduced by an incorrect statement of the consideration in any conveyance, deed, instrument, or writing subject to such tax, the Collector of Internal Revenue, provincial or city treasurer, or other revenue officer shall, from the assessment rolls, or other reliable source of information, assess the property at its true market value and collect the proper tax thereon." Sec. 23. Section two hundred and thirty-four of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec. 234. Stamp tax on charter parties and similar instruments. On every charter party, contract, or agreement for the charter of any ship, vessel, or steamer, or any letter or memorandum or other writing between the captain, master, or owner, or other person acting as agent of any ship, vessel, or steamer, and any other person or persons for or relating to the charter of any such ship, vessel, or steamer, and on any renewal or transfer of such charter, contract, agreement, letter, or memorandum, there shall be collected a documentary stamp tax at the following rates: "(a) If the registered gross tonnage of the ship, vessel or steamer does not exceed three thousand tons, and the duration of the charter or contract does not exceed six months, eighteen pesos; and for each month or fraction of a month in excess of six months, an additional tax of three pesos shall be paid.