SEC. 1. SCOPE. - Pursuant to the provisions in Section 4 and Section 244 of Republic  Act  No.  8424  and  Section  84  of  Republic  Act  No.  10963,  these regulations are hereby promulgated to implement the rate increase in the stock transfer tax provided in Section 39 of Republic Act No. 10963 otherwise known as the œ'Tax Reform for Acceleration and Inclusion (TRAIN) Law .

SEC. 2. NEW RATE OF PERCENTAGE TAX ON STOCK TRANSFERS. - œSEC. 127. Tax on Sale, Barter or Exchange of Shares of Stock Listed and Traded through the Local Stock Exchange or through Initial Public Offering. -

(A) Tax on Sale, Barter or Exchange of Shares of Stock Listed and Traded through the Local Stock Exchange. - There shall be levied, assessed and collected on every sale, barter, exchange, or other disposition of shares of stock listed and traded through  the local stock exchange  other than the sale by a dealer in securities, a tax at the rate of six-tenths of one percent (6/10 of 1%) of the gross selling price or gross value in money of the  shares  of  stock  sold,  bartered,  exchanged  or  otherwise  disposed which shall be paid by the seller or transferor.

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The percentage tax on the sale, barter or exchange of shares of stock listed and traded through the local stock exchange has been increased from one-half of one percent (! of 1%) to six-tenths of one percent (6/10 of 1%).

SEC. 3. REPEALING  CLAUSE. - All existing rules and regulations or parts thereof,  which  are  inconsistent  with  the  provisions  of  these  regulations,  are hereby repealed, amended or modified accordingly.

SEC. 4. SEPARABILITY CLAUSE. - If any clause, sentence, provision or section  of these  Rules  shall  be held  invalid  or unconstitutional,  the remaining parts thereof shall not be affected thereby.

SEC. 5. TRANSITORY PROVISIONS. - The following work around filing and payment  procedures   shall  be  followed  while  BIR  Form  No.  2552  is  being updated:

	Ta x Type:	ATC :
A . eFPS Fil ers:
1 . File and pay 1/2 of 1% onli ne usi ng exi sti ng BIR Form No. 2552	S T Percentage Ta x - Stocks	P T 200
2 . File and pay t he defi ci ency t ax of 1/ 10 of 1% using BIR Form No. 0605	S T Percent age Ta x - St ocks	M C 031 - De ficiency Tax
B . eBIR For ms Fil er s:
l. File 1/2 of 1% onli ne usi ng existing BIR f orm in the eBlR Forms Package, and pay:	S T Percentage Ta x - Stocks	P T 200
a . Onli ne via GCASH, LBEPS, or BDPTO
b . Manually via OTC of AABs under t he j uri sdi cti on of t he RDO where t axpayer is r egi st ered
2 . File t he defi ci ency t ax of 1/ 10 of 1% usi ng BIR Form No. 0605, and pay via the same opti ons above	S T Percent age Ta x - Stocks	M C 031 - Deficiency Tax
C . Manual Fil ers:
1 . Fill -in appli cable BIR Form No. 2552 (pre-printed or downloaded from BIR website) usi ng t he new t ax rate of 6/ 10 of 1%.	S T Percentage Tax - St ocks	P T 200
2 . File and pay manually via OTC of AABs under t he j uri sdi cti on of t he RDO where taxpayer is registered.

SEC. 6. EFFECTIVITY. - These regulations shall take effect immediately.