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AAC Tax Code.

The National Internal Revenue Code of 1997 as it currently stands — consolidated by the firm to carry the TRAIN Law, the CREATE Act, the Ease of Paying Taxes Act, the VAT on Digital Services Act, CREATE MORE, the CMEPA and the amendatory laws in force to 1 August 2026, with a footnote at every provision naming the law that changed it.

Text current as at 1 August 2026. This is an unofficial consolidation prepared by the firm and not the official text of the Code. Repealed provisions are kept, struck through, so that references in earlier records stay traceable.
Download the PDF edition →

The printed edition runs to 240 pages and carries the same text, footnotes and references as the browser below. Every section here shows the page it sits on in that PDF, so a citation taken from the screen matches the one taken from the book.

TITLE VII — DOCUMENTARY STAMP TAX

SEC. 183. Stamp Tax on Life Insurance Policies

Page 139 of the PDF edition

On all policies of insurance or other instruments by whatever name the same may be called, whereby any insurance shall be made or renewed upon any life or lives, there shall be collected a one-time documentary stamp tax at the following rates:320

If the amount of insurance does not exceed P100,000Exempt
If the amount of insurance exceeds P100,000.00 but does not exceed P300,000P20.00
If the amount of insurance exceeds P300,000.00 but does not exceed P500,000P50.00
If the amount of insurance exceeds P500,000.00 but does not exceed P750,000P100.00
If the amount of insurance exceeds P750,000.00 but does not exceed P1,000,000.00P150.00
If the amount of insurance exceeds P1,000,000P200.00

Amendment notes

  1. TRAIN Law, sec. 59 — amended. The tax had been P0.50 for every P200, or fractional part thereof.
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