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

September 11, 2020REVENUE MEMORANDUM ORDER NO. 032-20SUBJECT : 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:  ATCDescriptionTax RateLegal BasisBIR Form No. Hybrid Vehicles RA No. 10963RR No. 5-20182200-ANXG071Over P600,000 to P1,000,00050% of the applicable excise tax rate* XG072Over P1,000,000 to P4,000,00050% of the applicable excise tax rate* XG073Over P4,000,00050% of the applicable excise tax rate*  III. THE FOLLOWING ATCs ARE HEREBY MODIFIED: EXISTING (per ATC Handbook)MODIFIED/NEW BIR FORM NO.ATCDescriptionTax RateDescriptionTax RateLegal Basis Passenger Cars Passenger Cars RA No. 10963RR No.5-20182200-ANXG021Up to...