Summary
RMO No. 1-2023 creates Alphanumeric Tax Codes (ATCs) for Excise Taxes and Tobacco Inspection Fees on Novel Tobacco Products, as RA No. 11900 is implemented.
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Key points
- ATC XT210. This code is for Excise Taxes on Novel Tobacco Products, at ₱2.50/kg effective August 10, 2022 and ₱2.60/kg effective January 1, 2023. The legal basis is RA No. 11900 and RR No. 14-2022, and the form is BIR Form No. 2200-T.
- ATC XT220. This code is for Tobacco Inspection Fees on Novel Tobacco Products, at ₱0.03/kg.
Who is affected
- Taxpayers dealing in Novel Tobacco Products
Deadlines and effectivity
- XT210 rate ₱2.50/kg effective August 10, 2022
- XT210 rate ₱2.60/kg effective January 1, 2023
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.