RMC No. 05-2008 — Circularizes the full text of unnumbered memorandum regarding the shortage of loose documentary stamps Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City December 17, 2007 REVENUE MEMORANDUM CIRCULAR NO. 5-2008 SUBJECT : Circularizing the Full Text of Unnumbered Memorandum Dated December 12, 2007 Regarding the Shortage of Loose Documentary Stamps TO : All Revenue Regional Directors, Revenue District Officers, Division Chiefs, and Others Concerned ______________________________________________________________________________ For the information and guidance of all internal revenue officials, employees and other concerned, quoted hereunder is the full text of unnumbered Memorandum dated December 12, 2007 regarding the "Shortage of Loose Documentary Stamps" as follows: "MEMORANDUM TO : Revenue Regional Directors Revenue District Officers FROM : Division Chiefs Others Concerned DATE : (Original Signed) SUBJECT : LILIAN B. HEFTI Commissioner of Internal Revenue December 12, 2007 Shortage of Loose Documentary Stamps In view of the shortage of available loose documentary stamps in the Regional and District Offices, all concerned are hereby advised that if the amount of Documentary Stamp Tax due on a taxable document/ transaction is Fifteen Pesos (P 15.00) or less taxpayers may purchase documentary stamps from Revenue Collection Officers/ Deputized Municipal Treasurers using Accountable Form (AF) No. 51- Official Receipt Form in lieu of the loose documentary stamps until such time that loose documentary stamps are available.

The officer receiving the payment for documentary stamp shall indicate on the form for what transaction it will be intended. The certified true copy of the form will be affixed to the taxable document. All other transactions will follow existing procedures." All concerned are hereby enjoined to be guided accordingly and give this circular a wide publicity as possible. (Original Signed) LILIAN B. HEFTI Commissioner of Internal Revenue CPP ______ MLDR ______ TFF ______ MJCR ______ SMC ______ EGD ______ J-1/egd