RMO No. 16-2017: Amends certain provisions of RMO No. 5-2004 particularly on the application, processing and issuance of ATRIG on importation of wheat by millers and traders relative to the advance payment of Value-Added Tax on the sale of flour

Summary

RMO No. 16-2017 amends certain provisions of RMO No. 5-2004 on applying for, processing and issuing the Authority to Release Imported Goods (ATRIG) for wheat importation by millers and traders, in relation to advance VAT payment on the sale of flour.

Key points

1. Where to apply. ATRIG applications go to the Excise LT Regulatory Division (ELTRD) for Large Taxpayers registered with the Large Taxpayers Service. All other taxpayers apply to the Revenue District Offices having jurisdiction over the port of entry.
2. Procedures applied. The procedures and guidelines in RMO Nos. 35-2002, 14-2014 and 1-2016 for ATRIG for Excise Tax and VAT apply to wheat importation subject to advance VAT payment under Revenue Regulations No. 29-2003.
3. Amended references. References in RMO No. 5-2004 to LTAD II and LTDO now refer to ELTRD and Large Taxpayers Division Cebu/Davao, respectively.

Who is affected

• Millers and traders importing wheat
• Large Taxpayers registered with the Large Taxpayers Service

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