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RMC No. 24-2010: Further defers the implementation of Revenue Regulations No. 7-2009 relative to the Electronic Documentary Stamp Tax (eDST) System

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Summary

RMC No. 24-2010 further defers until June 30, 2010 the implementation of RR No. 7-2009 on the Electronic Documentary Stamp Tax (eDST) System.

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Key points

  1. No further deferment. After June 30, 2010, no further request for deferment of the mandatory use of the eDST System will be entertained.
  2. During the suspension. Taxpayers already technically capable may use the eDST System voluntarily.
  3. Taxpayers not yet able to comply. Those who cannot yet meet the system’s requirements are advised to adopt the Constructive Stamping / Receipt System (CS/RS) of Documentary Stamp Tax under RMC No. 1-2010.

Who is affected

  • Taxpayers covered by the eDST System under RR No. 7-2009

Deadlines and effectivity

  • Implementation deferred until June 30, 2010

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.

Related issuances (4)

Cites, Cited by CollapseExpand
CitesRMC No. 01-2010RR No. 7-2009
Cited byRMC No. 31-2010RMC No. 51-2010

Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.