Summary
RMC No. 95-2024 clarifies issues on the monthly Documentary Stamp Tax declaration of Electronic Documentary Stamp Tax (eDST) taxpayers using BIR Form No. 2000 v 2018, following RMC No. 48-2024.
Key points
- BIR Form No. 2000 still filed separately. The form, when used for advance deposits, is a payment form and not yet a return. Because of limits in its current format, it is still used separately to declare the taxable transactions that make up the total DST due, pending revision of the form.
- Simplified Schedule 1. For taxpayers with voluminous transactions, entering ATC No. 010 and a Tax Due amount equal to the month’s total tax due in the eDST ledger is enough to complete Schedule 1.
- Penalties from eFPS. Filing the form as a declaration is a compliance requirement and is not used to pay DST, since the DST was paid in advance through deposits. Since eFPS cannot tell a return from a declaration, the compromise penalty for late filing of the declaration is the proper penalty.
- Penalty relief. Compromise penalties for non-filing or late filing of the declaration for taxable months before the date of issuance of RMC No. 48-2024 shall no longer be assessed and collected.
Who is affected
- eDST taxpayers-users filing BIR Form No. 2000 v 2018
Deadlines and effectivity
- Declaration due within five (5) days after the close of the month
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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.