March 26, 1924
REVENUE REGULATIONS NO. 026-24
REVISED DOCUMENTARY STAMP TAX REGULATIONS 1
SECTION 1. Scope. — Under the provisions of sections 1449-1452 and 2721 of the Administrative Code, and in connection with the provisions of section 79 (B) of Act No. 2803, the following regulations relative to documents and papers subject to and exempt from the stamp tax, the manner in which the documentary stamp tax shall be collected and paid, and the procedure to be followed by the provincial and deputy treasurers and by persons subject to the payment of the said tax, shall supersede all precedents, rulings and regulations heretofore published on the same subject and shall be known as Regulations No. 26, or "The Revised Documentary Stamp Tax Regulations." aETADI
SECTION 2. Persons Liable. — Upon documents, instruments, and papers, and upon acceptances, assignments, sales, and transfers of the obligation, right, or property incident thereto documentary taxes for and in respect of the transaction so had or accomplished shall be paid as hereinafter prescribed, by the person making, signing, issuing, accepting, or transferring the same,...
