Manila, Oct. 22 -- The Bureau of Internal Revenue (BIR) was recognized by the Supreme Court of the Philippines for its contribution to the implementation of electronic notarization (eNotarization), particularly in facilitating compliance with Documentary Stamp Tax (DST).

In a statement Thursday, BIR said the recognition was conferred during the ceremonial signing of Joint Memorandum Circulars (JMCs) between the Supreme Court and the Land Registration Authority, and between the Supreme Court and the Securities and Exchange Commission on Oct. 13.

The JMCs establish inter-agency coordination mechanisms for electronic notarization in real estate and corporate transactions.

The BIR in coordination with the Supreme Court's Office of the Bar ...