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REVENUE REGULATIONS NO. 25-2025 issued on October 3, 2025 suspends the implementation of the requirement to post a bond under Section 160 of the National Internal Revenue Code (NIRC) of 1997, as amended, for importers and manufacturers of petroleum products.

The posting of a bond under Section 160 of the NIRC for the importation of petroleum products or production of the same in local refineries shall be temporarily suspended, subject to the following condition

a. The importer/manufacturer is duly registered with the Bureau of Internal Revenue (BIR) and the Bureau of Customs (BOC);

b. The importer/manufacturer has a record of substantial compliance with tax laws and customs regulations;

c. The importer must secure an Authority to Release Imported Goods (ATRIG) from the BIR by electronically filing an application via the Philippine National Single Window system prior to the release of imported petroleum products from customs custody or their withdrawal from local refineries; and

d. The importer shall submit to the BIR and BOC a monthly report of all importations covered under these Regulations, including quantities, invoice values, and corresponding tax payments.

The suspension of the implementation of the bond requirement shall be in effect until the Anti-Red Tape Authority has decided if there is a necessity to propose amendments to Section 160 of the NIRC, as amended, or a necessity arises due to change in behavior of the industry players.

The BIR, in coordination with the BOC, shall institute appropriate control and monitoring mechanisms to ensure that taxes due are timely paid, and to prevent abuse of the temporary suspension. Non-compliance with the foregoing conditions shall be subject to appropriate penalties under existing laws and regulations.