Transfer Tax

DESCRIPTION A Transfer Tax is the tax imposed on any mode of transferring the ownership of a real property, either through sale, donation, barter, or any other mode. DOCUMENTARY REQUIREMENTS 1. Tax clearance certificate of real property taxes from the City Treasurer’s Office 2. Certificate Authorizing Registration from the BIR 3. Official receipt of the … Continue reading Transfer Tax

Estate Tax

DESCRIPTION Estate Tax is a tax on the right of the deceased person to transmit his/her estate to his/her lawful heirs and beneficiaries at the time of death and on certain transfers, which are made by law as equivalent to testamentary disposition. It is not a tax on property. It is a tax imposed on … Continue reading Estate Tax

Documentary Stamp Tax (DST)

DESCRIPTION Documentary Stamp Tax is a tax on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation, right or property incident thereto. TAX FORM BIR Form 2000-OT DOCUMENTARY REQUIREMENTS Photocopy of document(s) to which the documentary stamp shall be affixed, in case of constructive affixture of Documentary Stamp … Continue reading Documentary Stamp Tax (DST)