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RMC No. 26-2021: Extends the deadline of submission of reportorial requirements on the exemption of Documentary Stamp Tax (DST) relief for qualified loans pursuant to Revenue Regulations No. 24-2020

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Summary

RMC No. 26-2021 extends to March 31, 2021 the deadline for submitting reportorial requirements on the Documentary Stamp Tax (DST) exemption for qualified loans under Revenue Regulations No. 24-2020.

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Key points

  1. New deadline. The submission deadline is extended until March 31, 2021.
  2. What must be submitted. Under RMC No. 22-2021, covered institutions submit, in hard and soft copy, a summary listing of pre-existing loans, pledges and other instruments granted extension of payment and/or maturity periods. This relates to loans or restructured credits falling due, or any part of them, on or before December 31, 2020.

Who is affected

  • Covered institutions under RR No. 24-2020

Deadlines and effectivity

  • Deadline extended until March 31, 2021

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

Related issuances (2)

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CitesRMC No. 22-2021RR No. 24-2020

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.