Annual Information Return on documentary stamp taxes paid by Banks, Quasi-Banks, and Issuance Companies

May 18, 1989 REVENUE REGULATIONS NO. 04-89 SUBJECT : Annual Information Return on Documentary Stamp Taxes Paid by Banks, Quasi-Banks, and Issuance Companies TO : All Banks, Quasi-Banks, and Insurance Companies, and All Internal Revenue Officers and Others Concerned SECTION 1 . Scope . These Revenue Regulations are promulgated, pursuant to the provisions of Sections 4(i) and (j), 245 and Title VII of the National Internal Revenue Code, a s amended by Executive Order No. 273, to require Banks, Quasi-Banks, and Insurance Companies doing business in the Philippines to file Annual Information Return concerning documentary stamp taxes paid upon all taxable documents made, signed, issued, accepted, or transferred during the year, whether calendar year or fiscal year. cd SECTION 2 . Requirements . Every Bank, Quasi-Bank, and Insurance Company doing business in the Philippines shall file an Annual Information Return concerning documentary stamp taxes paid during the year, based on its accounting period employed, whether calendar or fiscal year basis, showing among others, the kinds or classes of taxable documents, the tax base for each kind or class, the tax due thereon, amount of tax paid thereon, the official receipt therefor, and date of payment. This return shall be accomplished and filed in duplicate and shall be signed jointly by the Company's President and Treasurer, subject to penalties of perjury. SECTION 3 . When to File . The return prescribed in Section 2 hereof shall be filed on or before April 15th following the close of the preceding calendar year or on or before the 15th day of the fourth month following the close of the preceding fiscal year, as the case may be. SECTION 4 . Where to File . The said Annual Information Return shall be filed with the Revenue District Office or the Office of the Revenue Collection Agent or duly authorized Treasurer of the municipality where the Company's main or principal office is located. SECTION 5 . Penalty Clause . Failure to file the said Information Return or failure to file the same within the time prescribed shall render the Company liable for a fine of one thousand pesos (P1,000) pursuant to the provisions of Section 274 of the National Internal Revenue Code, as amended. SECTION 6 . Coverage and Effectivity . These Revenue Regulations shall apply beginning with calendar year 1988 or fiscal year ended November 30, 1988 or thereafter, depending on the Company's accounting period employed. The initial Annual Information Return to be filed as required under these Regulations, shall be filed on or before the 15th day of the fourth month following effectivity of these Regulations, which shall be on the 15th day after its publication in the Official Gazette. (SGD.) JOSE U. ONG Commissioner of Internal Revenue Approved: VICENTE R. JAYME Secretary of Finance