Prescribing Policies for the Amendment/Clarification of RMO No. 8-98 on The Corporate Stock Documentary Stamp Tax (DST) Program

March 11, 1998 REVENUE MEMORANDUM ORDER NO. 25-98 SUBJECT : Prescribing Policies for the Amendment/Clarification of RMO No. 8-98 on The Corporate Stock Documentary Stamp Tax (DST) Program TO : An Internal Revenue Officers and Others Concerned I. RATIONALE It has been observed that a considerable number of existing corporations covered by the provisions of RMO No. 8-98 were incorporated several years prior to the use of BIR Form No. 2000 in 1996. As such, these corporations have expressed their need for more time within which to gather from their corporate records evidences of payment for documentary stamps taxes paid on the original issuance of shares of stock. II. OBJECTIVE This Order is issued to amend and/or clarify the pertinent provisions of RMO No. 8-98 relative to: 1. The deadline for the filing of BIR Forms 2000 and 2000-A, and the payment of the corresponding documentary stamps tax on subscribed shares of stock (if applicable), by existing corporations; and 2. The evidences of payment that may be submitted by existing corporations as proof that they have fully paid the documentary stamps tax for the issuance of subscribed shares of stock. III. POLICIES 1. The time for filing of BIR Form Nos. 2000 and 2000-A by existing corporations for documentary stamps tax on subscribed shares of stock is extended to Tuesday , March 31 , 1998 . 2. Item 1, Section IV of RMO No. 8-98 is hereby amended to read as follows: "1. For the Taxpayer: 1.1. The corporation shall accomplish the DST Return (BIR Form No. 2000), together with the Corporate Stock DST Declaration (BIR Form No. 2000-A), in triplicate. 1.2. The corporation shall file BIR Form No. 2000, together with BIR Form No. 2000-A, and pay the corresponding DST with the AAB or Collection Agent (where there are no AABs) within the jurisdiction of the Revenue District Office where the corporation is registered or registrable. 1.3. All existing corporations that have already fully paid their DST on issuances of subscribed shares of stock must file BIR Form No. 2000-A, together with evidences of payment, with the Revenue District Office where the corporation is registered. The following evidences of payment may be submitted: a. Tax Payment Acceptance Orders (TPAO); b. Revenue Tax Receipts (RTR); c. Revenue Official Receipts (ROR); d. Authority to Accept Payment (ATAP); e. Payment Orders/Confirmation Receipts (PO/CR); or f. BIR Form No. 2000, duly validated by an AAB. 1.4. In the event that none of the above evidences of payment can be submitted, the corporation concerned may still file BIR Form 2000-A. However, the Form must be filed together with a Sworn Statement attesting to the circumstances that led to the absence of any evidences of payment of documentary stamps tax." cdt IV. EFFECTIVITY This order shall take effect immediately. LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue