Additional Tax Type Code for Sweetened Beverages in Accordance with the Implementation of Republic Act No. 10963

January 9, 2018 BANK BULLETIN NO. 01-18 SUBJECT : Additional Tax Type Code for Sweetened Beverages in Accordance with the Implementation of Republic Act No. 10963 TO : All Authorized Agent Banks In accordance with the implementation of Republic Act (RA) No. 10963, also known as the Tax Reform for Acceleration and Inclusion (TRAIN), particularly Section 47 thereof, providing the Excise Tax on Sweetened Beverages, all Authorized Agent Banks (AABs) are hereby advised to include the new Tax Type Code XB (for Sweetened Beverages) by updating the BIR forms in the forms codes table under the Limited Bank Data Entry System (LBDES) following the procedures below: 1. From the main menu on screen, go to "Utilities" menu or press hotkey 'U' on the keyboard. 2. From the menu, select "Update codes table" submenu by using arrow keys to highlight the submenu then press enter or simply press hotkey 'U' on the keyboard. 3. Another submenu option will appear; this time you select "Form" by pressing enter key since the submenu is already highlighted or simply press hotkey 'F' on the keyboard. 4. Table will appear on screen with the key press command is on yellow color text below the screen indicate how to add/insert a new record on the list. 5. To add new record for "2200-S," press 'Ctrl + N.' 6. Add the form code under Form code column, description of the form on Description column, tax code under the Tax Type column, description of the tax code under the Tax Type Description column and frequency under the Frequency column. 7. Values to be added. ( Frequency column is blank for all values): For Code Form description Tax Type Tax Type Description Frequency 2200-S Excise Tax Return XB Sweetened Beverages Null (No Entry) 0605 Payment Form XB Sweetened Beverages Null (No Entry) 8. Repeat procedures 5-7 if 2 or more records are to be added/inserted. 9. To save record, press 'Ctrl + W.' The system will automatically exit after pressing 'Ctrl + W.' For further queries on the above procedures, please contact Mr. Sean Neil S. Sabado of this Bureau's Systems Development Division (SDD) through telephone nos. 9251966 and 9817090 or e-mail us at [emailprotected]. For your information and guidance. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue