REVENUE MEMORANDUM CIRCULAR NO. 1-2017 issued on January 4, 2017 clarifies Section 2(c) of Revenue Regulations (RR) No. 7-2014 on the colors of cigarette tax stamps relative to the implementation of the unitary Excise Tax rate under RR No. 17-2012.
Effective January 1, 2017, all removals/withdrawals/importations of cigarettes, whether packed by hand or by machine, shall be subject to the unitary Excise Tax rate of Thirty Pesos (P30.00).The classification of internal revenue stamps shall be reduced from six (6) to three (3),
to wit:
Existing | Effective January 1, 2017 | ||||
Classification | Tax Bracket | Six (6) Colors | Classification | Tax Bracket | Three (3) Colors |
Domestic | Low | Yellow | Domestic |
Unitary Rate ( | Pink |
High | Pink | ||||
Imported | Low | Orange | Imported | Orange | |
High | Violet | ||||
Export | Low | Green | Export | Green | |
High | Blue | ||||
The Excise LT Field Operations Division shall conduct inventory count of all unused/unissued/unaffixed internal revenue stamps in the possession of cigarette manufacturers/importers and exporters as of December 31, 2016. Thereafter, all removals/importations using the old internal revenue stamps shall pay the differential Excise Tax due thru Electronic Filing and Payment System using BIR Form No. 2200-T.