Segregating the Proceeds of Taxes on Motor Fuels from Other Internal Revenue Collections

May 24, 1965 REVENUE MEMORANDUM CIRCULAR NO. 23-65 SUBJECT : Segregating the Proceeds of Taxes on Motor Fuels from Other Internal Revenue Collections TO : All Collections Agents, Other Collecting Officers and Others Concerned In order to have a more definite and clear-cut handling, accounting and allotting of the taxes collected on motor fuel as prescribed in sub-sections (b), (c) and (d) of Section 142 of the National Internal Revenue Code, all collections therefore which are to be constitute the Highways Special Fund must be physically segregated from all other internal revenue collections and remitted under a separate Remittance Advice to the National Treasury to the credit of the Bureau of Internal Revenue, to wit: cdtech Tax On 1. Lubricating oils, Sec. 142(b) Sch. A. paragraph 17 2. Naphta, gasoline and similar products of distillation, Sec. 142(c) Sch. A, paragraph 18 3. Denatured alcohol use for motive power, Sec. 142(d) Sch. A, paragraph 19. For this purpose all collection agents and other collecting officers are advised to use and prepare a separate set of reports (BIR Forms Nos. 12.31 and 12.01), remittance advices, cash books, etc., for the Highways Special Fund starting from July 1, 1965. Any existing order or circular or provisions thereof which are contrary to this Circular are hereby superseded. Strict compliance herewith is enjoined. cdt (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue