RMC No. 75-2021: Prescribes the standard policy and guidelines on the use of BIR Form No. 0605 for Excise Tax purposes

Summary

RMC No. 75-2021 prescribes the standard policy and guidelines on using BIR Form No. 0605 for Excise Tax purposes.

Key points

1. Advance payment for export. Excise taxpayers making advance payment for export products under the Product Replenishment Scheme tick ‘Tax Deposit/Advance Payment’ under Voluntary Payment of the Manner of Payment (Field No. 17).
2. Deficiency tax. Excise taxpayers paying Deficiency Tax with the form tick ‘Preliminary/Final Assessment/Deficiency Tax’ under Per Audit/Delinquent Account in Field No. 17.
3. Administrative penalties. Payments for Administrative Penalties tick ‘Others (Specify)’ under Voluntary Payment in Field No. 17 and write ‘Administrative Penalties’ in the box.
4. Other excise payments. Excise taxpayers under Non-Essential Services for Cosmetic Procedures use BIR Form 2200-C. All other Excise Tax payments on domestic removals of excisable articles use the corresponding Excise Tax returns (BIR Form 2200 series).

Who is affected

• Excise taxpayers

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