BIR Declares Exemption from Documentary Stamp Tax for Loan Relief
Documentary Stamp Tax

BIR Declares Exemption from Documentary Stamp Tax for Loan Relief in the Philippines

The Bureau of Internal Revenue (BIR) releases Revenue Memorandum Circular (RMC) No. 35-2020, pursuant to Revenue Regulations (RR) No. 8-2020, declaring exemption from Documentary Stamp Tax (DST) as a relief for payment of loans.

Under RMC No. 35-2020, the following shall not impose a DST for credit extensions and restructuring, micro-lending, and those obtained from pawnshops in extending the grace period for all loan payments:

  • All banks
  • Quasi-banks
  • Financing companies
  • Lending companies
  • Financial institutions (public and private)
  • GSIS
  • SSS
  • Pag-IBIG Fund
Documentary Stamp Tax

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