1. Fernandez said the government would ask Congress to make the increase in the stamp tax a law. 2. Government is studying the possibility of scrapping the documentary stamp tax and other levies on transactions in the foreign exchange market to develop a more robust financial sector. 3. She demanded the additional stamp taxes be paid immediately. 4. The government wants the documentary stamp tax on quick-turnover transactions and the gross receipts tax on banks to be abolished, Estrada said. 5. Canlas said private companies in the Philippines had been reluctant to set up such a vehicle because of the documentary stamp tax on every transaction. |