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RMC No. 2-2020: Mandates all Revenue District Offices to require all gasoline stations to submit a sworn declaration of Inventory of Diesel, Gasoline and Kerosene as of December 31, 2019

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Summary

RMC No. 2-2020, issued January 2, 2020, directs all Revenue District Offices to require gasoline stations nationwide to submit a sworn declaration of their petroleum inventory as of December 31, 2019.

Key points

  1. Contents of the declaration. The sworn statement is identified per branch and states the volume and type of diesel, gasoline and kerosene.
  2. Where and when stations submit. Stations submit it to the RDO or Large Taxpayers (LT) Division where the principal place of business is registered, on or before January 15, 2020. This prepares for the Field Testing aspect of the Fuel Marking Program.
  3. Consolidation by RDOs. The RDO consolidates the reports, stating whether the inventory has been marked or not. It sends them to the Excise LT Field Operations Divisions on or before January 31, 2020 as the initial database for monitoring and field testing.

Who is affected

  • Gasoline stations nationwide
  • Revenue District Offices

Deadlines and effectivity

  • Inventory as of December 31, 2019
  • Stations submit on or before January 15, 2020
  • RDOs transmit on or before January 31, 2020

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.