RMO No. 41-2018 — Modifies the Alphanumeric Tax Code (ATC) for Petroleum Products under RA No. 10963 (TRAIN Act)

REPUBLICOF THE PHILIPPINES

BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE Quezon City

TDD

July 27,2018

REVENUE MEMORANDUM ORDER NO. _ 41- 2018

SUBJECT Modification of Alphanumeric Tax Code (ATC) for Petroleum Products under Republic Act (RA) No.10963,otherwise known as Tax Reform for Acceleration

and Inclusion (TRAIN) Act

TO All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned

. OBJECTIVE:

To facilitate the proper identification and monitoring of tax collection from Excise Tax on petroleum products pursuant to the implementation of RA No. 10963, the following ATC is hereby modified:

ATC EXISTING (per ATC Handbook) Description Rate Tax Legal Basis MODIFIED/NEW Rate Tax BIR Form

XP220 Additives for lubricating oils and greases Effective on January 1,2018 Effective on January 1,2019 Effective on January 1, 2020 10% 09% 8% RA No. 10963 P10.00 per liter/kg P8.00 per liter/kg P9.00 per liter/kg 2200-P

I REPEALING CLAUSE:

This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith.

H. EFFECTIVITY:

This RMO shall take effect immediately

BUKEAUUF INIERNAL KEVENUE NNYYYT C

GUUIW SEP 05 2018 2.XPM. UQA X Commissioner of Internal Revenue CAESAR R.DULAY 019308 B-3 RECORDS MGT.DIVISION