RMO No. 31-2018 — Creates the Alphanumeric Tax Code for Petroleum Products under RA No. 10963 (TRAIN Act) Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE Quezon City .lune 13,2018 SUBJECT UIg REVENUE MEMORANDUM ORDER NO. \91- TO Creation 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 Alt Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. 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 created for incjusion in the revised BIR Form No. 2200-P (Excise Tax Return for Petroleum Products): ATC Description Tax Rate Legal Basis BIR Form xP22A 2200-P Additives for lubricating oils and greases 8Yo RA No 10963 Effective on January 1 Z01B 90/, Effective on January 1, 2019 nluio//o Effective on January 1 2020 I1. R.EPEAI-IIUG LTIUSE: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. III trEEETTI\/IT\/. This RI,/O shall take eliect immeciiateiy. tirr ,traJ#, CAESAR R.. DULAY Commi:sloirer o{ iniernai*P.evi!f :rI-' ri.{,i'u if L_! {a^l} B-3 I