QuestionsQuestions (BIR REVENUE REGULATIONS NO. 5-97)
It prescribes the new procedures on the manner of purchase and affixture of documentary stamps on taxable documents/transactions, pursuant to specified sections of the National Internal Revenue Code, as amended.
A person may purchase loose documentary stamps not exceeding PHP 200.00 for future application upon taxable documents/transactions.
Loose documentary stamps may be used only when the documentary stamp tax due on the taxable document/transaction does not exceed PHP 10.
By writing two lines across the stamp and the portion of the document where it is affixed, and indicating the date of affixture by perforation to render it unreusable.
It is allowed at any one time if the amount of documentary stamp tax due is PHP 10.00 or more.
In lieu of the actual stamps, the duplicate copy or certified xerox copy of proof of payment may be affixed on each document.
No. Advance purchase of documentary stamps for future application is not allowed through the constructive stamping or receipts system.
Only persons authorized to use a BIR Registered Metering Machine under Revenue Regulations No. 7-92.
Any person liable to pay documentary stamp tax when the tax due amounts to more than PHP 200 must accomplish and file a documentary stamp tax declaration under BIR Form 2000.
It shall be filed with and the tax paid to the Authorized Agent Bank (AAB). If no AAB exists, it is filed with the Revenue Collection Officer or duly authorized City or Municipal Treasurer in the Philippines.
They must accomplish and file the DST declaration within five (5) days after each week ends, showing among others the amount sold for the preceding week intended to be replenished, and file it using the dummy TIN of the RDO; they must also accomplish General Form 16A.
Each time documentary stamps are purchased for loading or reloading on the metering machine.
The amount of documentary stamps to be reloaded should be equal to the amount of documentary stamps consumed from the previous purchase.
The details of usage or consumption of documentary stamps must be indicated on the declaration.
Any violation is penalized under the pertinent provisions of the National Internal Revenue Code, as amended.
Fifteen (15) days after publication in the Official Gazette or in a newspaper of general circulation, whichever comes first.