Bureau of Internal Revenue
The Bureau of Internal Revenue (“BIR”) issued the following:
Revenue Memorandum Circular (RMC) No. 2-2020, dated 23 December 2019, requiring all gasoline stations to submit a sworn declaration statement of inventory identified per branch of diesel, gasoline and kerosene as of 31 December 2019, on or before 15 January 2020, in preparation for the field-testing aspect of fuel marking program. The said sworn declaration shall specify the volume and type of petroleum products which shall be submitted to the to the Revenue District Office (RDO) /Large Taxpayers Division where the principal place of business is registered.
The RDO shall consolidate the submitted report and transmit the same to the Excise LT Field Operations Divisions (ELTFOD) on or before 31 January 2020. The report shall state whether the inventory has been marked or not to serve as the initial database for monitoring and field testing.
Attached is the full text of the issuance
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