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An excise stamp is a type of revenue stamp affixed to some exciseable goods to indicate that the required excise tax has been paid by the manufacturer. They are securities printed by the finance ministry of the relevant country.
A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products). A percentage tax levied on a company's revenue, instead of (like income tax) on the company's income. Also called excise tax.
excise duty. A percentage levied on manufacture, sale, or use of locally produced goods (such as alcoholic drinks or tobacco products). A percentage tax levied on a company's revenue, instead of (like income tax) on the company's income. Also called excise tax.
There are three main types of excise duty. Special excise duty (USED) is charged on all excitable goods on which there is a levy of basic excise duty (BED) and is levied at the rates specified in the second schedule of Central Excise Tariff Act, 1985.
Excise taxes are most often levied upon cigarettes, alcohol, gasoline and gambling. These are often considered superfluous or unnecessary goods and services. To raise taxes on them is to raise their price and to reduce the amount they are used. In this context, excise taxes are sometimes known as “sin taxes.”
Documentary stamp tax refers to a levy on documents, evidencing the acceptance, assignment, sale or transfer of an obligation, right or property incident to it. Documents subject to the tax include deeds, bonds, notes and written obligations to pay money and mortgages, liens, and other evidences of indebtedness.
Determine the selling price and fair market value of the real property. Whichever is higher between the two will be the basis for the DST computation. The amount will now be divided by P1,000 (the amount should be rounded off), then multiply it by P15. DST on loan agreements is computed as P1.
The documentary stamp tax is an excise tax levied on documents, instruments, loan agreements and papers evidencing the acceptance, assignment, sale or transfer of an obligation, rights, or property incident thereto. The amount of tax is either fixed or based on the par or face value of the document or instrument.

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