Documentary Stamp Tax on Educational Certificates

Ask AI

BIR REVENUE MEMORANDUM CIRCULAR NO. 25 - 2008: Documentary Stamp Tax on Educational Certificates

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Documentary Stamp Tax on Educational Certificates

Law: Bir Revenue Memorandum Circular No. 25 - 2008

Decision Date: Mar 17, 2008

This circular mandates educational institutions to collect and remit Documentary Stamp Tax on certificates such as diplomas and transcripts, clarifying their responsibilities under the National Internal Revenue Code.

Law Summary

Obligation and Responsibility for Tax Remittance

Tax remittance responsibility lies with the parties to the taxable document or transaction.
When one party belongs to certain enumerated entities, including educational institutions, that entity is responsible for remitting the DST.
Educational institutions must remit the tax on issuance of taxable certificates.

Treatment of Tax-Exempt Entities

If an educational institution is exempt from the tax, it must still remit the tax as a collecting agent.
This is pursuant to relevant provisions allowing tax-exempt entities to act as collecting agents despite the exemption.
The remittance obligation stands regardless of any contrary provisions in other regulations.

Administrative Guidance and Enforcement

The circular reaffirms previous regulations (Revenue Regulations No. 9-2000) and emphasizes compliance.
Internal Revenue officers and employees are mandated to widely publicize this circular.
The measure ensures proper collection and enforcement of DST on educational certificates.

END