RMO No. 37-2020: Modifies the Alphanumeric Tax Code (ATC) in BIR Form No. 2200-M (Excise Tax Return for Mineral Products) in connection with the implementation of RA No. 10963 (TRAIN Law)

Key points

1. Coal and coke (XM010). The rate is ₱50.00/MT effective January 1, 2018, ₱100.00/MT effective January 1, 2019, and ₱150.00/MT effective January 1, 2020 and onwards, replacing the existing ₱10.00/MT.
2. Other minerals. Non-metallic minerals and quarry resources (XM020), copper and other metallic minerals (XM030), and gold and chromite (XM040) move from 2% to 4%. Indigenous petroleum (XM050) moves from 2% to 6%.
3. Legal basis. The modified rates rest on RA No. 10963 and RR No. 1-2018.

Deadlines and effectivity

• Coal and coke: ₱50.00/MT from January 1, 2018, ₱100.00/MT from January 1, 2019, ₱150.00/MT from January 1, 2020