(NAR) VOL. 12 NO. 1 / JANUARY - MARCH 2001
"An instrument, document, or paper which is required by law to be stamped and which has been signed, issued, accepted or transferred without being duly stamped, shall not be recorded, nor shall it or any copy thereof or any record of transfer of the same be admitted or used in evidence in any court until the requisite stamp or stamps shall have been affixed thereto and cancelled."Accordingly, the Board hereby orders that no document, such as; deeds of sale, assignment, donation, power of attorney or any paper which is required by law to be stamped, shall be admitted in evidence during the hearing or in the processing of any application, petition or motion without proof of payment of the required documentary stamp tax. The official of the Board tasked to hear or process said application, petition or motion shall notify the applicant in writing to present proof of payment of said taxes within a reasonable period. After the lapse of said period, however, and no proof has yet been presented, the application, petition or motion shall be dismissed/denied. In the meantine, during the period to show proof of payment, the hearing or processing shall be suspended.
(SGD.) DANTE M. LANTIN Chairman | |
(SGD.) VIGOR D. MENDOZA II Board Member | (SGD) REMEDIOS G. BELLEZA Board Member |