September 2, 2020
REVENUE MEMORANDUM ORDER NO. 037-20
| SUBJECT | : | Modification of Alphanumeric Tax Code (ATC) in BIR Form No. 2200-M (Excise Tax Return for Mineral Products) in Connection with 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 Taxes in BIR Form No. 2200-M (Excise Tax Return for Mineral Products), in connection with the implementation of RA No. 10963, the following ATCs are hereby modified:
EXISTING (per ATC Handbook) | MODIFIED/ NEW |
ATC | Description | Tax Rate | BIR Form No. | Legal Basis | Tax Rate |
XM010 | Coal and Coke | P10.00/MT | 2200-M | RA No. 10963 RR No. 1-2018 | |
Effective January 1, 2018 | P50.00/MT | ||||
January 1, 2019 | P100.00/MT | ||||
January 1, 2020 and onwards | P150.00/MT | ||||
XM020 | Non-metallic minerals and quarry resources | 2% | 4% | ||
XM030 | Copper and other metallic minerals | 2% | 4% | ||
XM040 | Gold and Chromite | 2% | 4% | ||
XM050 | Indigenous Petroleum | 3% | 6% |
II. REPEALING CLAUSE:
This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith.
III. EFFECTIVITY:
This RMO shall take effect immediately. AScHCD
(SGD.) CAESAR R. DULAY
Commissioner of Internal Revenue
