May 14, 2021 | TAXGURO

For the information and guidance of all concerned, this Circular is being issued to amend RMC No. 97-2020. All concerned are advised on the proper filling up of BIR Form 0605 as indicated below;

1. Excise Taxpayers making advance payment for export products availing the Product Replenishment Scheme pursuant to Revenue Regulations (RR) No. 3-2008, should tlck the “Tax Deposit/Advance Payment” box under the Voluntary Payment of the Manner of Payment (Field No. 17) of the BIR Form No. 0605.

2.Excise Taxpayers under the Non-Essential Services for Cosmetic Procedures should use BIR Form 220O-C.

3.Excise Taxpayers using BIR Form 0605 paying Deficiency Tax should tick the Preliminary/Final Assessment/Deficiency Tax under the per Audit/Delinquent Account under Manner of Payment (Field No. 17) of the BIR Form No. 0605.

4.Payments for Administrative Penalties must tick the “Others (specify) “box under the B R Form No 0605′

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Day: May 14, 2021

Value Added Tax (VAT) under Train Tax Law

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