Modification of Alphanumeric Tax Code (ATC) in BIR Form No. 2200-M (Excise Tax Return for Mineral Products) in Connection with the Implementation of Republic Act (RA) No. 10963, also Known as Tax Reform for Acceleration and Inclusion (TRAIN) Law

September 2, 2020 REVENUE MEMORANDUM ORDER NO. 037-20 SUBJECT : Modification of Alphanumeric Tax Code (ATC) in BIR Form No. 2200-M (Excise Tax Return for Mineral Products) in Connection with the Implementation of Republic Act (RA) No. 10963, also Known as Tax Reform for Acceleration and Inclusion (TRAIN) Law TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. OBJECTIVE: To facilitate the proper accounting and monitoring of tax collection from Excise Taxes in BIR Form No. 2200-M (Excise Tax Return for Mineral Products), in connection with the implementation of RA No. 10963, the following ATCs are hereby modified: EXISTING (per ATC Handbook) MODIFIED/ NEW ATC Description Tax Rate BIR Form No. Legal Basis Tax Rate XM010 Coal and Coke P10.00/MT 2200-M RA No. 10963 RR No. 1-2018 Effective January 1, 2018 P50.00/MT January 1, 2019 P100.00/MT January 1, 2020 and onwards P150.00/MT XM020 Non-metallic minerals and quarry resources 2% 4% XM030 Copper and other metallic minerals 2% 4% XM040 Gold and Chromite 2% 4% XM050 Indigenous Petroleum 3% 6% II. REPEALING CLAUSE: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. III. EFFECTIVITY: This RMO shall take effect immediately. AScHCD (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue