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BUREAU OF INTERNAL REVENUE

 

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Order NO. 31-2018, 13 June 2018, to prescribe the creation of an Alphanumeric Tax Code (ATC) for inclusion in the revised BIR Form No. 2200-P (Excise Tax Return for Petroleum Products) to facilitate the proper identification and monitoring of tax collection from Excise Tax on petroleum products. The new ATC is as follows:

ATC	Description	Tax Rate	Legal Basis	BIR Form
XP220	Additives for lubricating oils and greases		RA No. 10963	2200-P
	Effective on 01 January 2018	8%
	Effective on 01 Jaunary 2019	9%
	Effective on 01 January 2020	10%

Attached is the full text of the issuance.

Revenue Memorandum Order No. 31-2018

 

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