InTAX is an official publication of R.G. Manabat & Co.'s Tax Group
Bureau of Internal Revenue
The Bureau of Internal Revenue (BIR) issued the following:
Revenue Memorandum Order (RMO) No. 37-2020, 2 September 2020, to modify the following Alphanumeric Tax Codes (ATC) in BIR Form No. 2200-M (Excise Tax Return for Mineral Products) in connection with the implementation of Republic Act (RA) No. 10963, also known as the Tax Reform for Acceleration and Inclusion (TRAIN) Law:
EXISTING (per ATC Handbook) | MODIFIED NEW | ||||
ATC |
Description |
Tax Rate |
BIR Form No. |
Legal Basis |
Tax Rate |
XM010 | Coal and Coke Effective 1 January 2018 1 January 2019 1 January 2020 and onwards |
P10.00/MT | 2200-M | R.A. No. 10963 Revenue Regulations (RR) No.1-2018 |
P50.00/MT P100.00/MT P150.00/MT |
XM020 | Non-metallic minerals and quarry resources | 2% |
4% |
||
XM030 | Copper and other metallic minerals | 2% |
4% |
||
XM040 | Gold and chromite |
2% |
4% |
||
XM050 | Indigenous Petroleum | 3% |
6% |
RMO No. 36-2020, 15 October 2020, to provide guidelines and procedures for the refund of erroneously paid VAT on imported drugs prescribed for diabetes, high cholesterol and hypertension, as implemented under RR No. 18-2020, as follows:
A. Period within which to file the Claim
Claims for refund of erroneously paid VAT on importation of drugs prescribed for diabetes, high cholesterol, and hypertension included in the DOH-DFA approved list from the effectivity of R.A. No. 11467 on 23 January 2020 up to 9 July 2020 shall be filed in writing within two (2) years after the payment of said tax, pursuant to Section 204(C) of the Tax Code of 1997, as amended.
B. Place where to file the Claim
The said claims shall be filed and processed at the respective Revenue District Office (RDO) or the Large Taxpayers Audit Division (LTAD) under the Large Taxpayers Service (LTS) where the claimant is registered.
C. Documentary Requirements
This RMO provides the list of documents pertaining to the VAT refund. Revenue Officer/s (RO/s) assigned to receive the documents shall ensure that the same are complete.
D. Processing and Verification of Claims
Attached are the full texts of the issuances.
Revenue Memorandum Order (RMO) No. 37-2020
Revenue Memorandum Order (RMO) No. 36-2020
(ERRATUM to Special InTAX: October 2020 Issue 1 | Volume 4, the coverage for Voluntary Assessment and Payment Program (VAPP) also includes Fiscal Year end June 2019).
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