<p>Please be advised that in accordance with BIR Regulation Nos. 9-2000 dated August 31, 2000 and 15-2001 dated October 16, 2001, and Insurance Commission Circular Letter No. 7-2002, all insurance companies are required to affix documentary stamps on all insurance policies and bonds by using the on-line Documentary Stamps Tax (DST) metering machine.&nbsp; Liability for documentary stamps therefore accrues upon issuance of the policy.&nbsp; The appropriate documentary stamps will be charged once an insurance policy/bond (new or renewal) or endorsement involving additional premium is issued.</p>

<p>Please note that the documentary stamps charges will not be refunded even if there are subsequent endorsements cancelling the policy or reducing the original premium involved.</p>

<p>Please be guided accordingly.</p>
