H.No.

4900
S. No. 3203

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Begun' and held in Metro Manila~ on Monday, the twenty-eighth day of July, two thousand eight.

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[.REPUBLICACT NO. 9648]

AiVACT EXEMPTING FROM DOCUMENTARY STAMP TAJ[ . .ANY SALE, BARTER OR EXCHANGE OF SHARES OF

::STOCK
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L~STED AND TRADED THROUGH THE-. .'STOCK EXCHANGE, FURTHER AMENDING FOR

:THE PURPOSE SECTION 199 OF THE NATIONAL INTERNALREVENUECODEOF1997,ASAMENDED: :

BY REPUBLIC ACT NO. 9243, AND FOR OTHER:

PURPOSES

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ie it enacted
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by the Senate and House of Representatives of the .Philippines in Congress assembled:

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SECTION 1. Section 199of the NationaUntern.al Revenue qode of1997. ~ amended by Repub1icActNo. 9243, is berebyfurther
amended to read as follows: : ~SEC. 199. Docum.ents and Papers Not Subject to Stamp 1bx. The provisions of sect:ion 173 to the contrary notwithstanding, the following instrw:nents, documents and papers $ball.be eJl:empt from the documentary stamp tax:

"x x x
"(e) Sa1e,barter or exchange ofsharesofstock listed and traded through the local stock.exchange."

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SEC.2. Implementing Rules and Regulations. The Secretary of Finall~ shall promulgate and pub]ish the necessary
rules and reguJations for the effective enforcement of the provisions
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ofthis Act.
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SEC.3. Separability Clcu$e. - Ifanyprovision oIthisActis

held unconstitutional or invalid.,all other ptovisione not affected ther:~bY shall remain valid.

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SEC. 4. Repealing Clause. - All laws,decrees,exectttive

ord~ rules and regulationsorparts thereof.wbkh are mconsistept ~tbisAct, areberebyrepealed,amendedor modifiedaccordingly.
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SEC.5~ Effectivity. - Thia At:.tsball take ~fecton March.

~O,.2009 or immediately upon the expiration ofthe five (5)-y;ear exemption from the documentary stamp tax on the sale, barter or exchange of shares of stockliated and traded through the local stock
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exchange pursuant toRepublic ActNo.9243.

Approved,

S~RU>VY. NOGRALES Sp~akNr o/the House Representatives

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This Act wbich is a consolidation of Ho\.\SeBill No. 490~ .

Bill No. 3203 was finally passed by the Hous~~f'
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~d:Senate

Representatives and the Sena.te on May 26, 2009 a:nd ay 25, 2009, respectively. . ~. .. . .

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E~YES
Secretary of the Senate

~B~~6Y
JUN3 0 lOO9

Secretary General"

House of Representatives

Approved:

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GLOJ:::c~G~OYO
President of lhe Philippines

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