Read also: TAX AMNESTY ON DELINQUENCIES
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BIR Form No. 0605 is used for the payment of export products pursuant to Product Replenishment Scheme.
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BIR Form No. 0605 is used for the payment of excise tax on non- essential service for excisable cosmetic procedures.
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BIR Form No. 0605 is used for the payment of deficiency excise tax.
Excise taxes apply to goods manufactured or produced in the Philippines for domestic sales or consumption or for any other disposition and to things imported as well as services performed in the Philippines. The excise tax imposed is in addition to the value-added tax.
BIR Form No. 0605 has been continuously used as an alternative for tax return in payment of Excise Tax on removal of excisable products. This however became difficult for Bureau of Internal Revenue (BIR) to monitor and reconcile the record of taxpayers with the Official Registry Books and the Electronic Filing and Payment System (eFPS).
Accordingly, as part of the enhancement for monitoring, tracking and reconciliation of the excise taxpayers record, BIR issued RMC 97 – 2020
Under Revenue Memorandum Circular 97 – 2020
The Use of BIR Form No. 0605 is now authorized only for the following:
1. Payment of export products pursuant to Product Replenishment Scheme;
2. Payment for Excise Tax on Non- Essential Service for Excisable Cosmetic Procedures until such time that BIR form No. 2200-C will be available for use; and
3. Payments for deficiency excise tax.
All other excise tax payments on domestic removal of excisable articles shall use their corresponding excise tax returns (BIR Form 2200 series).
Alburo Alburo and Associates Law Offices specializes in business law and labor law consulting. For inquiries, you may reach us at info@alburolaw.com, or dial us at (02)7745-4391/0917-5772207.
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