Summary
RMC No. 68-2016 informs taxpayers and others concerned of the new and upgraded internal revenue stamp design for cigarette products.
Key points
- Purpose of the upgrade. The new tobacco excise stamps improve the functionality of the original stamp under Revenue Regulations No. 7-2014, as amended. They enlarge the Quick Response code and make the Unique Identifier Codes easier to read.
- Effectivity. The new design takes effect on September 1, 2016.
Who is affected
- Taxpayers and others concerned with cigarette internal revenue stamps
Deadlines and effectivity
- Effective September 1, 2016
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
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