BIR Form 2000 – Documentary Stamp Tax Declaration

BIR Form 2000 is known as the Monthly Documentary Stamp Tax Declaration

Documentary Stamp Tax, also simply known as DST, is a tax in the Philippines applied to transaction documents regularly. Common transactions where DST can be utilized include but are not limited to, execution of loan or debt agreements, issuance or sale of stocks, or the sale and transfer of properties.

Depending on the face value of the transaction, DST payable can vary significantly.

In layman’s terms, it’s a stamp that certifies that an agreement is taxable. The amount of tax can be fixed or else based on the face value of a document or instrument.

Who Needs to File and When?

BIR Form 2000 should be filed by the person making, signing, issuing, accepting, or transferring  the following transaction types

• Documents
• Instruments
• Loan agreements and papers
• Acceptances
• Assignments
• Sales and conveyances of an obligation
• Right or property

This form should be filed and paid within (5) days after the close of the month when the taxable documents were made, signed, issued, accepted, or transferred.

Example Of Use

Let’s say Juan wanted to purchase stock from a Philippine company. The cost per share would be PHP 100 and Juan wants to purchase 15,000 shares. DST is currently set at PHP 1.50 for every PHP 200 spent.

The formula to calculate this would be:

Cost Per Share x # of Shares / PHP 200 x PHP1.50 = DST Payable

Ex: PHP 100 x 15,000 / PHP 200 x PHP 1.50 = DST Payable

Juan would have to pay PHP 3,000 in Documentary Stamp Tax