Log In Create Account
Codal Library

Section 67. Section 194 of the NIRC, as amended, is hereby further - Taxation Laws (compiled codal)

Section 67. Section 194 of the NIRC, as amended, is hereby further of Taxation Laws (compiled codal). Section 67. Section 194 of the NIRC, as amended, is hereby further amended to read as follows: "Sec. 194. Stamp Tax on Leases and Other Hiring Ag

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Taxation Laws (compiled codal)

Section 67. Section 194 of the NIRC, as amended, is hereby further amended to read as follows:

"Sec. 194. Stamp Tax on Leases and Other Hiring Agreements. - 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 of Six pesos (₱6.00) for the first Two thousand pesos (₱2,000), or fractional part thereof, and an additional Two pesos (₱2.00) for every One thousand pesos (₱1,000) or fractional part thereof, in excess of the first Two thousand pesos (₱2,000) for each year of the term of said contract or agreement."

Clara

Hello