BIR Form 2000-OT – For Stamp and Tax Declaration

BIR Form 2000-OT is known as the Monthly Documentary Stamp Tax Declaration Return for One-Time Transactions.

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. The difference between Form 2000 and Form 2000-OT, is that BIR Form 2000-OT is only meant for one-time transactions.

Who Needs to File and When?

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

Every Natural or Juridical Person, Resident of Non-Resident for:

• Sale, barter, exchange, or other onerous disposition of shares of stock in domestic corporations classified as asset, not traded in the local stock exchange

Every withholding agent/buyer/seller on:

• Sales, transfer, exchange of real property classified as assets. The “sale” includes pacto de retro sale and other forms of conditional sale.

Every withholding agent/buyer/seller on:

• Sales, transfer, or exchange of real property classified as ordinary asset

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.