InTAX: July 2021 Issue 3 | Volume 1

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

InTAX is an official publication of R.G. Manabat & Co.'s Tax Group

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Bureau of Internal Revenue


The Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular (RMC) No.  90-2021, 28 July 2021, to provide specific guidelines and procedures on the utilization of the Tax Payment Certificate (TPC) issued as a fiscal support to the “Eligible and Registered Participants (ERP’s)” under the Comprehensive Automotive Resurgence Strategy (CARS) program of Executive Order no. 182, series of 2015.

For the guidance of all ERPs, BIR revenue personnel and other stakeholders, the specific guidelines and procedures regarding the use of the TPC as payment for internal revenue tax liabilities of the concerned ERPs were compiled as follows:

  • TPC refers to a non-transferable certificate, which shall be used to defray the tax and duty obligations of the ERPs to the National Government.
  • The ERPs shall request the issuance of the TPC based on the statutory deadlines for payment of tax and/or duty from DTI-BOI.
  • It shall only be applied against the excise tax, income tax and value-added tax (VAT) liabilities incurred in the course of the ERPs operations and shall not include any type of withholding taxes of the ERPs.
  • The amount of the TPC shall be indicated in the tax return as deduction from the tax due of the ERPs.
  • In case the amount of the TPC exceeds the tax due, net of the creditable taxes, the excess shall not be considered or treated as a refundable amount.
  • The accomplished tax return shall be filed using the electronic Filing and Payment System (eFPS) or eBIRForms Package, as the case may be. When the tax due is more than the amount of TPC, it shall be paid using the available mode of payment of the BIR.
  • The TPC shall have a validity period of thirty (30) days counted from the date of issue and can only be used once. The date indicated on the face of the TPC shall be presumed to the be the date of issuance.
  • If the TPC is not presented or utilized for tax payment to the BIR, the ERPs should immediately surrender and return the original copy of the TPC to DTI-BOI for reinstatement in the PCMIA (Participating Car Maker Incentive Account), provided that the surrender thereof is made within the validity period of the TPC, otherwise the same shall be forfeited in favor of the government.

The RMC shall take effect immediately.


Attached are the full texts of the issuance.

Revenue Memorandum Circular No. 90 – 2021

Revenue Memorandum Circular No. 90 – 2021 Annex A

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