Planning of renting an Office or Commercial Space?

Davao-Blog-BIR-Obligation-when-Renting-an-Office-or-Commercial-Space-Doc-Stamp-Tax-2000

Let us be informed with our responsibility in Government payments, especially to the BIR in order to avoid penalties.

What to remember?

1.) Once the Contract to Lease is notarized, proceed to your respective RDO  at BIR Office in Bolton Extension, Davao City.

2.) At the information counter, ask for a Documentary Stamp Tax Declaration/ Return Form (BIR Form 2000) . Fill-up some basic details.

3.) Get a priority number from the Officer In-charge (usual line-up is Counter 4)

4.) Present your BIR Form No. 2000 together with your lease contract for assessment.

How to compute the DST in lease agreements?  (if your contract is 1 year):

  • Multiply the monthly rental for 12 months
  • Subtract 2,000
  • Multiply it to .001
  • Add 3 pesos

Example: P 15,000 (monthly rate) x 12 months = 180,000 (less 2,000) = P 178,000  X .001 = 178 + 3 =

P 181.00

5.) Pay to the nearest Bank that accepts BIR payment.

Always remember that the deadline for Documentary Stamp Tax is every 5th day after the closing month or 5th days of the next month base on the Notarial Date.

For example, if your lease of contract was notarized on April 15, then your deadline is May 05.

 

 

To your success!

 

You might also like to see:

–> How to apply for a Business Permit in Davao

Share →

One Response to BIR Obligation when Renting an Office or Commercial Space Doc Stamp Tax 2000

  1. Cherrelyn Moreno says:

    Hello po,mag aapply sana ako ng business permit, ung business ko is homebased and freelance po ako as a Graphic Artist and Designer. Yung location po ng business ko is bahay lang po and renter lang ko ako… Kailangan ko po ba ng
    Lease Contract or Agreement? ano po bang dapat kong gawin? Thank you po!

Leave a Reply

Your email address will not be published. Required fields are marked *

(Spamcheck Enabled)