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Tax Alert

Clarification on Purchase of Loose Documentary Stamp Tax for Tax Clearance Certificate (TCC) Applications

(Revenue Memorandum Circular No. 112-2024, October 15, 2024)

This Tax Alert is issued to inform all concerned on the clarification on the proper sale and affixture of loose documentary stamps.

RMC No. 92-2024, specifically No. 3(a) requires the presentation of the original copy of the duly signed taxable document to which the documentary stamp tax is to be affixed before a single piece of loose documentary stamp be purchased and sold by the Specialized Revenue Collecting Officers (SRCO) or Revenue Collection Officer (RCO).

This Circular clarifies that the above requirement shall not apply to Tax Clearance Certificate (TCC) applications. Hence, taxpayers applying for TCC shall be allowed to purchase a loose documentary stamp as part of documentary requirements under BIR Citizen’s Charter.  

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