CAB doc stamp tax now costs twice as much

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The Civil Aeronautics Board (CAB) has increased the rate of documentary stamp tax for the certificates it issues with the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) Law.

CAB officer-in-charge Porvenir Porciuncula, in an advisory dated May 5, said the documentary stamp tax for certificates has increased to P30 from P15, pursuant to Section 12 of Revenue Regulation (RR) No. 4-2018.

RR 4-2018, issued by the Bureau of Internal Revenue, provides the rules and regulations for implementing the new documentary stamp tax rates under Republic Act No. 10963, otherwise known as TRAIN, which took effect on January 1, 2018.

Under the new TRAIN Law, which amends several sections of the National Internal Revenue Code of 1997, the documentary stamp tax for certificates and documents is doubled from P15. RR 4-2018, meanwhile, took effect in February.

The Maritime Industry Authority (Marina), a sister agency of CAB, already implemented last March the increase in documentary stamp tax rates for the certificates and documents it issues.

Aside from certificates and documents, TRAIN also doubled the documentary stamp tax for bills of lading or receipts, warehouse receipts, and charter parties and similar instruments.

The increase in excise tax on fuel due to TRAIN also affects the domestic charges of shipping lines, truckers, and other marine service providers, as fuel accounts for a big share of their operational costs. – Roumina Pablo

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