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8box Solutions Inc.


Contact Number: 09369340340

REVENUE MEMORANDUM CIRCULAR NO. 35-2020 issued on April 2, 2020 exempts from Documentary Stamp Tax (DST) the relief for loans granted under Revenue Regulations (RR) No. 8-2020.

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 DST imposed under Sections 179, 195 and 198 of the Tax Code, for credit extensions and credit restructuring, micro-lending, including those obtained from pawnshops and extensions thereof, during the covered period.