Circularizing the JMO No. 1-2020 Prescribing the Implementing Guidelines for Collection and Disbursement of Fuel Marking Fees

September 2, 2020 REVENUE MEMORANDUM CIRCULAR NO. 094-20 SUBJECT : Circularizing the Joint Memorandum Order (J MO) No. 1-2020 Prescribing the Implementing Guidelines for the Collection and Disbursement of Fuel Marking Fees Pursuant to DOF-DBM-COA Permanent Committee Joint Circular 001.20 18 and Payment of Fuel Marking Fee Using BIR Form No. 0623 TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all internal revenue officials, employees and others concerned, attached herewith as Annex "A" is the signed copy of Joint Memorandum Order (JMO) No. 1-2020 dated August 28, 2020 , "Prescribing the Implementing Guidelines for the Collection and Disbursement of Fuel Marking Fees Pursuant to DOF-DBM-COA Permanent Committee Joint Circular 001.2018." Pursuant to Section 12 of the NIRC, as amended, BIR shall collect the Fuel Marking Fees at the same time as the internal revenue taxes on petroleum product subject to Fuel Marking are collected. For this purpose, filer or declarant shall use the Fuel Marking Fee Form (BIR Form No. 0623) marked as Annex "B" for payment of Fuel Marking Fee. The BIR must ensure that the Fuel Marking Fee has been paid before the marking of the fuel, hence prepayment is authorized. In consideration of the biofuel requirements, a volume percentage allowance shall be added to the Declared Volume of the petroleum product to be marked. Thus, the Fuel Marking Fee shall be computed as follows: a. For Gasoline: FMF = Declared Volume x 110% x Php0.06884 (VAT inclusive) b. For Diesel: FMF = Declared Volume x 102% x Php0.06884 (VAT inclusive) c. For Kerosene: FMF = Declared Volume x Php0.06884 (VAT inclusive) All internal revenue officials and employees are enjoined to give this Circular as wide a publicity as possible. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue ANNEX A DOF-BIR-BOC Joint Memorandum Order No. 001-20 August 28, 2020 ANNEX B Fuel Marking Fee Form (BIR Form No. 0623)