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    RMC No. 35-2020 Relief For Loans

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    Yna Yna
    agfag

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    RMC No. 35-2020 Relief For Loans

    Uploaded by

    Yna Yna
    1 views1 page
    agfag

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    RMC No. 35-2020 Relief for Loans

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    agfag

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
    1 views1 page

    RMC No. 35-2020 Relief For Loans

    Uploaded by

    Yna Yna
    agfag

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Download as pdf
    of 1
    Republic of the Philippines Department of Finance a BUREAU OF INTERNAL REVENUE wi National Office ee Quezon City, . April 2, 2020 REVENUE MEMORANDUM CIRCULAR NO. 35-2020 SUBJECT: Exemption from Documentary Stamp Tax (DST) for Relief for Loans pursuant to Revenue Regulations No. 8 - 2020 dated April 1, 2020 TO: ALL INTERNAL REVENUE OFFICERS, TAXPAYERS AND OTHERS CONCERNED Pursuant to the provisions of Section 244 of the National Internal Revenue Code (NIRC), Revenue Regulations No. 8 - 2020 dated April 1, 2020 was issued implementing Section 4(aa) and (n) of R.A. No. 11469, otherwise known as “Bayanihan to Heal as One Act” All banks, quasi-banks, financing companies, lending companies, and other financial institutions, public and private, including the Government Service Insurance ‘System, Social Security System and Pag-ibig Fund, in extending the grace period for the payment of all loans shall not impose additional documentary stamp tax (DST) imposed under Section 179, 195 and 198 of the NIRC, for credit extensions and credit restructuring, micro-lending including those obtained from pawnshops and extensions thereof during the covered period. Allinternal revenue officers and others concemed are enjoined to give this Circular as wide a publicity as possible, and that a copy thereof be filed with the Office of the National Administrative Register (ONAR) of the UP Law Center. Pao ber CAESAR R. DULAY Commissioner of Internal Revenue 033735

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