Via ODiSy March 22, 2012 PHILIPPINE STOCK EXCHANGE ... - BDO

- 125 -(d) The following instruments, documents and papers shall be exempt from DST:• Borrowings and lending of securities executed under the Securities Borrowingand Lending Program of a registered exchange, or in accordance withregulations prescribed by the appropriate regulatory authority;• Loan agreements or promissory notes, the aggregate of which does not exceedP250 thousand or any such amount as may be determined by the Secretary ofFinance, executed by an individual for his purchase on installment for hispersonal use;• Sale, barter or exchange of shares of stock listed and traded through the localstock exchange for a period of five years from the affectivity of RA No. 9243;• Fixed income and other securities traded in the secondary market or through anexchange;• Derivatives including repurchase agreements and reverse repurchaseagreements;• Bank deposit accounts without a fixed term or maturity; and,• Interbank call loans with maturity of not more than seven days to coverdeficiency in reserve against deposit liabilities.27.06 Supplementary Information Required by the Bureau of Internal RevenueOn December 9, 2011, the Bureau of Internal Revenue (BIR) issued RR 19-2011 whichprescribes the new form that will be used for income tax filing covering and startingwith periods ending December 31, 2011 and onwards. This recent RR requiresschedules of taxable revenues and other non-operating income, costs of sales andservices, and itemized deductions, to be disclosed in the notes to financial statements.On November 25, 2010, the BIR issued RR No. 15-2010, which requires certaininformation on taxes, duties and license fees paid or accrued during the taxable year tobe disclosed as part of the notes to financial statements.The Parent Bank, however, presented this tax information required by the BIR as asupplementary schedule filed separately from the basic financial statements.