BIR Issues Standard Policy on the use of BIR Form No. 0605 For Excise Tax Purposes
The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) No. 97-2020 establishing a standard policy/guidelines on the use of BIR Form No. 0605. The said form shall now be authorized for use on certain transactions only to avoid challenges in monitoring and reconciling the record of taxpayers. The guidelines have been set to address the monitoring difficulties that arose from the use of the said form as an alternative for tax return in excise tax payments.
AUTHORIZED USE OF BIR FORM NO. 0605
The following shall be the ONLY authorized transactions for the use of BIR Form No. 0605:
- Payment on export products pursuant to product Replenishment Schemender Revenue Regulations (RR) No. 3-2008
- Payment for Excise Tax on Non-Essential Services for Excisable Cosmetic Procedures until such time that BIR Form No. 2200-C will be available for use
- Payments for deficiency excise tax
Corresponding excise tax returns, such as payments of excise tax on domestic removals of excisable articles, shall be used for other transactions that do not fall under those authorized for the use of BIR Form No. 0605.