InTAX: May 2020 Issue 1 | Volume 1

Bureau of Internal Revenue

The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No. 24-2020, 21 February 2020, providing the transitory procedures in complying with the Administrative Requirements pursuant to Republic Act (RA) No. 11346, imposing Excise Tax on Heated Tobacco Products and Vapor Products, as further amended by RA No. 11467.

The following administrative requirements should be complied with:

1. Amend the Registration with BIR to include tax type “EXCISE TAX”;
2. Secure a Permit to Engage in business as Manufacturer, Importer or Dealer/Trader of Heated Tobacco Products and Vapor Products with Excise LT Regulatory Division (ELTRD);
3. Assign an Assessment Number to be provided by ELTRD;
4. Secure a Permit to Import and an Authority to Release Imported Goods, in case of Importation with ELTRD and pay the Excise Tax using BIR Form No. 2200-T – Excise Tax Return for Tobacco Products and use the corresponding Alphanumeric Tax Codes;
5. Request for Internal Revenue Strip Stamps pursuant to Revenue Regulations No. 3-2006 to include Heated Tobacco Products and Vapor Products which are identified under Tobacco Products. Internal Revenue Strip Stamps shall be requisitioned from BIR and to be firmly affixed on said products before its removal from place of production or Custom’s custody in case of importation;
6. Register New and Existing Brands of Tobacco Products;
7. Fill up the prescribed Excise Taxpayer’s Removal Declaration for all removals of Heated Tobacco Products and Vapor Products, in case of Manufacturer; and
8. Maintain Official Registry Books and such other forms or records that may be prescribed by BIR.

Attached is the full text of the issuance.

RMC No. 24-2020