Documentary and science stamp taxes.
Section 33
SECTION 33. Documentary and science stamp taxes. - Documents, instruments, or deeds of any kind, stock certificates, checks, drafts, acceptances, certificates of deposit, bills of exchange, promissory notes, letters of credit, indemnity and/or performance bonds, or similar instruments made, issued, signed, accepted, or transferred by the Bank in favor of, or for the account or benefit of the Republic of the Philippines, its branches, subdivisions, or instrumental ities shall be exempt from any and all documentary and science stamp taxes upon approval of the Secretary of Finance. LEGAL EXISTENCE