Summary
RR No. 8-2014 amends Section 13 of RR No. 7-2014 (Transitory Provisions), changing the deadlines for affixing the new Internal Revenue Stamps on cigarettes.
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Key points
- Locally manufactured packs. Under paragraph (c), all locally manufactured packs of cigarettes must carry the prescribed stamps no later than November 1, 2014.
- Cigarettes in the market. Under paragraph (e), all locally manufactured cigarettes found in the market must carry the stamps effective March 1, 2015. No imported cigarettes may be in the market without the new stamps effective April 1, 2015, but before that date imported cigarettes should bear either the old or the new stamps.
Who is affected
- Local manufacturers of cigarettes
- Importers of cigarettes
Deadlines and effectivity
- Locally manufactured packs: no later than November 1, 2014
- Locally manufactured cigarettes in the market: effective March 1, 2015
- Imported cigarettes in the market: effective April 1, 2015
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.