Modification of Alphanumeric Tax Code (ATC) for Petroleum Products under Republic Act (RA) No. 10963, Otherwise Known as Tax Reform for Acceleration and Inclusion (TRAIN) Act

July 27, 2018 REVENUE MEMORANDUM ORDER NO. 041-18 SUBJECT : Modification of Alphanumeric Tax Code (ATC) for Petroleum Products under Republic Act (RA) No. 10963, Otherwise Known as Tax Reform for Acceleration and Inclusion (TRAIN) Act TO : All Collection Agents, Revenue District Officers and Other Internal Revenue Officers Concerned I. OBJECTIVE: To facilitate the proper identification and monitoring of tax collection from Excise Tax on petroleum products pursuant to the implementation of RA No. 10963, the following ATC is hereby modified: HSAcaE EXISTING (per ATC Handbook) MODIFIED/NEW BIR Form ATC Description Tax Rate Legal Basis Tax Rate XP220 Additives for lubricating oils and greases RA No. 10963 2200-P Effective on January 1, 2018 8% P8.00 per liter/kg Effective on January 1, 2019 9% P9.00 per liter/kg Effective on January 1, 2020 10% P10.00 per liter/kg II. REPEALING CLAUSE: This Revenue Memorandum Order (RMO) revises portions of all other issuances inconsistent herewith. III. EFFECTIVITY: This RMO shall take effect immediately. (SGD.) CAESAR R. DULAY Commissioner of Internal Revenue