RMC No. 6-2019: Clarifies the provisions of RMC No. 105-2018 pertaining to the submission of alphabetical list of First Buyer/Possessor of locally produced coal from whom Excise Taxes due on coal were collected by the producer acting as collecting agent for remittance to the BIR

Summary

RMC No. 6-2019 clarifies RMC No. 105-2018 on how coal producers, acting as collecting agents, file BIR Form No. 2200M and submit the list of first buyers/possessors.

Key points

1. Filing and remittance. The producer files through the Electronic Filing and Payment System and remits the Excise Tax collected from first buyers/possessors on BIR Form 2200M. The deadline is the 10th day following the close of the month when the coal was sold, transferred or disposed of.
2. Details on the form. The form shows the name and Tax Identification Number (TIN) of the Coal Producer/Collecting Agent.
3. Alphabetical list of buyers. On filing, the producer emails an alphabetical list of first buyers/possessors showing TIN, volume of coal sold and Excise Tax collected.
4. Monthly submission. Producers required to use eFPS submit the list monthly by email to coal.attachment@bir.gov.ph, or through the eFPS attachment facility once available. This starts with January 2019 and continues every month.

Who is affected

• Coal producers acting as collecting agents
• Coal producers required to use eFPS

Deadlines and effectivity

• Filing and remittance: on or before the 10th day after the month of sale
• Alphalist submission starts January 2019, monthly

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.