September 11, 2020
REVENUE MEMORANDUM ORDER NO. 032-20
| SUBJECT | : | Creation and Modification of Alphanumeric Tax Code (ATC) for Excise Tax in BIR Form No. 2200-AN (Excise Tax Return for Automobiles and Non-Essential Goods) Pursuant to the Implementation of Republic Act (RA) No. 10963, also Known as Tax Reform for Acceleration and Inclusion (TRAIN) Law |
| TO | : | All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned |
I. OBJECTIVE:
To facilitate the proper accounting and monitoring of tax collection from Excise Tax in BIR Form No. 2200-AN (Excise Tax Return for Automobiles and Non-Essential Goods), in connection with the implementation of RA No. 10963.
II. THE FOLLOWING ATCs ARE HEREBY CREATED:
ATC | Description | Tax Rate | Legal Basis | BIR Form No. |
Hybrid Vehicles | RA No. 10963 RR No. 5-2018 | 2200-AN | ||
XG071 | Over P600,000 to P1,000,000 | 50% of the applicable excise tax rate* | ||
XG072 | Over P1,000,000 to P4,000,000 | 50% of the applicable excise tax rate* | ||
XG073 | Over P4,000,000 | 50% of the applicable excise tax rate* |
III. THE FOLLOWING ATCs ARE HEREBY MODIFIED:
EXISTING (per ATC Handbook) | MODIFIED/NEW | BIR FORM NO. | ||||
ATC | Description | Tax Rate | Description | Tax Rate | Legal Basis | |
Passenger Cars | Passenger Cars | RA No. 10963 RR No. 5-2018 | 2200-AN | |||
XG021 | Up to P600,000 | 2% | Up to P600,000 | 4% | ||
XG022 | Over...
AIC Grande Tower Garnet Road
Mobile No. +639451244898 |
