Tax Alert No. 24 [Tax Advisory dated 23 March 2020]

Electronic Documentary Stamp Tax (eDST)

The Commissioner of Internal Revenue has issued a tax advisory dated 23 March 2020 which allows eDST System users-taxpayers to use Constructive Stamping/Receipts System (CS/RS) on all taxable documents pursuant to the provisions of Revenue Memorandum Order (RMO) No. 14-2008, provided that the payments as deposits in the eDST system shall not be applied to the taxable documents.

Within thirty (30) days from the deadline of filing of the tax return and payment of the DST, the following shall be submitted to the Revenue District Office or the concerned Division of the Large Taxpayers Service where the taxpayer is registered:

1. list of taxable documents and the corresponding DST dues subjected to the constructive affixture; and
2. photocopies of the taxable documents.

The use of CS/RS shall remain effective until a tax advisory for discontinuance is issued.