RMO No. 25-98: Defines the policies for the amendment/clarification of RMO No. 8-98 relative to the Corporate Stock Documentary Stamp Tax Program

Summary

RMO No. 25-98 amends and clarifies RMO No. 8-98 on the Corporate Stock Documentary Stamp Tax (DST) Program, and extends a filing deadline.

Key points

1. Extended deadline. Existing corporations may file BIR Form Nos. 2000 and 2000-A for DST on subscribed shares of stock until March 31, 1998.
2. Corporations that paid in full. Existing corporations that already paid DST in full on issuances of subscribed shares file BIR Form No. 2000-A with their evidences of payment. They file it with the Revenue District Office where they are registered.
3. No evidence of payment. If none of the required evidences of payment can be submitted, BIR Form 2000-A may still be filed. A Sworn Statement explaining why no evidence of payment exists must be attached.

Who is affected

• Existing corporations with DST on subscribed shares of stock

Deadlines and effectivity

• Filing deadline of BIR Form Nos. 2000 and 2000-A: March 31, 1998

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