RMO No. 55-99: Prescribes the procedures and documentary requirements in the importation of articles subject to Excise Tax, as well as the raw materials and apparatus or mechanical contrivances specially used for the manufacture thereof

Summary

RMO No. 55-99 sets the procedures and documentary requirements for importing articles subject to Excise Tax, and the raw materials and apparatus or mechanical contrivances specially used to make them.

Key points

1. Registration before importing. Every taxpayer engaged or intending to engage in such importation must first register as an importer of articles subject to Excise Tax. Registration is with the Revenue District Office with jurisdiction over his head office or principal place of business.

Who is affected

• Taxpayers importing articles subject to Excise Tax, or the raw materials and apparatus used to make them

Deadlines and effectivity

• Registration is required before importation

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