RMO No. 15-2001: Prescribes the policies, guidelines and procedures in the use of on-line electronic Documentary Stamp Tax (DST) metering machine

Key points

1. Required users. Unless the Commissioner of Internal Revenue exempts them, these must use the machine to pay and remit DST: banks, quasi banks, non-bank financial intermediaries, finance companies, and insurance, surety, fidelity or annuity companies. Also covered are the Philippine Stock Exchange for shares and securities traded locally, shipping and airline companies, pre-need companies on sale of pre-need plans, and other industries the Commissioner requires.
2. Supply and costs. The BIR identifies and notifies the users of the Documentary Stamp Electronic Imprinting Machine with Encryption (DS-EIM). It buys and distributes the machines free of charge and keeps ownership, though users may buy their own. Users pay to install, operate and maintain the BIR-owned machine in their premises.
3. Direct Tax Debit System. Large taxpayers, such as commercial and universal banks, pay and remit DST through the Direct Tax Debit System.
4. Forms. Schedule I (Details of Documentary Stamp Tax for Replenishment) of BIR Form 2000 is accomplished and attached to the return when paying DST. BIR Form No. 2002 is discontinued, and Schedule I need not be accomplished for the initial DST payment through DS-EIM.
5. Payment per machine. DST payment is made per machine, supported by the corresponding BIR Form 2000.

Who is affected

• Banks, quasi banks and non-bank financial intermediaries
• Finance, insurance, surety, fidelity and annuity companies
• Philippine Stock Exchange
• Shipping and airline companies
• Pre-need companies