REVENUE MEMORANDUM CIRCULAR NO. 56-2019 issued on May 29, 2019 reiterates the reckoning period for the payment of Documentary Stamp Tax (DST) on original issue of shares of stocks of new corporations.

New corporations shall file the DST declaration/return (BIR Form No. 2000) on original issue of shares of stocks and pay the tax due within five (5) days after the close of the month of the date of registration with the Securities and Exchange Commission as shown in the Certificate of Incorporation/Certificate of Recording/License to Do Business in the Philippines. Hence, penalty for late payment of DST declaration/return on original issue of shares of stocks shall accrue if paid beyond said due time.