DST

BIR RMC 77-2012 

Is the DST imposed on all cases of assignment or reassignment of debt instrument?

Any assignment or re-assignment of debt instruments shall be subject to the DST at the same rate imposed on the original instrument pursuant to Section 198 of the NIRC of 1997 , as amended. This occurs only when the assignment or re-assignment of the debt instrument entails the changing the maturity date or remaining period of coverage from that of the original instrument or carries with it a renewal or issuance of new instruments in the name of the transferee to replace the old ones. Otherwise, the assignment or the re-assignment of the instrument shall be exempt from DST by virtue of Section 199 (f) or (g) of the NIRC of the 1997, as amended