Summary
RMC No. 40-2024 informs taxpayers of the new and upgraded Internal Revenue Stamp design for cigarettes, heated tobacco products and vapor products, under the Enhanced Internal Revenue Stamps Integrated System (eIRSIS).
Key points
- Why the redesign. The Memorandum of Agreement Terms of Reference requires the stamp design to be modified and upgraded every three (3) years. The new stamps are meant to improve the functionality of the original stamp implemented under RR No. 7-2014, as amended.
- Stamp colors. Domestic cigarettes use Dark Green for packs of 20s and Green for 10s, imported use Brown and Ochre, and export use Dark Blue and Blue. Heated tobacco products use Lavender (domestic), Red (imported) and Violet (export), and vapor products use Peach.
- Compliance. Manufacturers and importers of these products follow RR No. 18-2021 on affixture of Internal Revenue Stamps and use of eIRSIS.
Who is affected
- Manufacturers and importers of cigarettes, heated tobacco products and vapor products
Deadlines and effectivity
- New stamp design takes effect June 1, 2024
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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