356ecd28_izing_Registration___Lex_Libre__Procedure
[No.] 3 [Time to Complete] 1 day [Associated Costs] 1.5% of property value (Documentary Stamp Tax) [Procedure] 
Payment of Documentary Stamp Tax and Capital Gains Tax at an authorized bank The seller files the Documentary Stamp Tax return and Capital Gains Tax return with the authorized agent bank in the Revenue District of Manila. This is done within 5 days after the close of the month when the taxable document was signed or within 30 days after the sale, whichever is earlier. The taxes are paid at the authorized bank to the account of the Bureau of Internal Revenue. The Capital Gains Tax is 6% of capital gains based on selling price, fair market value or zonal value, whichever is higher. The Documentary Stamp Tax is 1.5% based on selling price or fair market value, whichever is higher. The documentation shall include: Original copy and photocopy of notarized deed of sale of building (obtained in Procedure 1) Certified true copy of transfer certificate of title (in the name of seller) Certified true copy of latest tax declaration (in the name of seller) (obtained in Procedure 2) Photocopy of the latest realty tax receipt Letter-request Identification card of the person requesting Agency: Bank
Certificate Authorizing Registration | Lex Libre
Procedure