<p style="text-align: justify;">Please be advised that effective October 1, 2001, the BUREAU OF INTERNAL REVENUE under Revenue Regulations Number 15-2001, has implemented the use of &quot; ON-LINE ELECTRONIC DOCUMENTARY STAMP TAX (DST),&quot; among Insurance Companies. In view of the above, the Documentary Stamp Tax (DST) becomes immediately due once a policy is issued. In effect when a policy is cancelled, the liability for DST still exists and the same should be chargeable to the insured.</p>
