Tax Alert No. 40 [Revenue Memorandum Circular (RMC) No. 75-2021 dated 2 March 2021]

Standard Policy and Guidelines for the Use of BIR Form No. 0605 for Excise Tax Purposes 

The Commissioner of Internal Revenue has issued RMC No. 75-2021, amending RMC No. 97-2020 and prescribing the following policy and guidelines on the use of BIR Form No. 0605:

1. Excise taxpayers making advance payment for export products availing the Product Replenishment Scheme pursuant to Revenue Regulations No. 3-2008, should tick the "Tax Deposit/Advance Payment" box under Voluntary Payment (Field No. 17 - Manner of Payment) of BIR Form No. 0605.
2. Excise taxpayers under the Non-Essential Services for Cosmetic Procedures should use BIR Form No. 2200-C.
3. Excise taxpayers using BIR Form No. 0605 paying deficiency tax should tick the "Preliminary/Final Assessment/Deficiency Tax" box under Per Audit/Delinquent Account (Field No. 17 - Manner of Payment).
4. Payments for administrative penalties must tick the "Others (specify)" box under Voluntary Payment (Field No. 17 - Manner of Payment) of BIR Form No. 0605, and indicate “Administrative Penalties” in the box provided.

All other excise tax payments on domestic removals of excisable articles shall use their corresponding excise tax returns (BIR Form 2200 series).

You may access the full version of the circular through the BIR website.