Planning of renting an Office or Commercial Space?
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:
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!
If i declare mo as renter ka, then yes need mo ng lease agreement.