RMO No. 32-2020: Creates and modifies the Alphanumeric Tax Code (ATC) for Excise Tax in BIR Form No. 2200-AN (Excise Tax Return for Automobiles and Non-Essential Goods) pursuant to the implementation of RA No. 10963 (TRAIN Law)

Summary

RMO No. 32-2020 creates and modifies Alphanumeric Tax Codes (ATC) for excise tax on automobiles in BIR Form No. 2200-AN, under RA No. 10963 (TRAIN Law).

Key points

1. New ATCs for hybrid vehicles. ATCs XG071, XG072 and XG073 cover hybrid vehicles in three price bands: over ₱600,000 to ₱1,000,000, over ₱1,000,000 to ₱4,000,000, and over ₱4,000,000. The rate in each band is 50% of the applicable Excise Tax rate.
2. Modified ATCs for cars, utility vehicles and vans. Passenger cars (XG021 to XG024), utility vehicles (XG031 to XG034) and passenger vans (XG041 to XG044) now use four bands. These are up to ₱600,000 at 4%, over ₱600,000 to ₱1,000,000 at 10%, over ₱1,000,000 to ₱4,000,000 at 20%, and over ₱4,000,000 at 50%.
3. Electric and hybrid ATC changes. ATC XG068 is now described as Purely Electric Vehicles, and the rate remains exempt. ATC XG065 for hybrid vehicles is modified to 50% of the applicable Excise Tax rate on automobiles under Section 149 of the NIRC, as amended.

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