Tuesday November 21 , 2017

Imposition of VAT on Tollway Operators effective August 16, 2010 (Revenue Memorandum Circular [RMC] No. 63-2010)

Revenue Memorandum Circular (RMC) No. 63-2010
dated July 19, 2010


The Bureau of Internal Revenue (BIR) through Revenue Memorandum Circular (RMC) No. 63-2010 fully implements Section 108 of the Tax Code imposing value-added tax (VAT) on tollway operators.

The following guidelines are set forth:

1. The Value-Added Tax (VAT) shall be imposed on the Gross Receipts of Tollway Operators from all types of vehicles starting August 16, 2010;

2. Tollway Operators who have been assessed for VAT liabilities on receipts from toll fees for prior periods can apply for Abatement of the tax liability, surcharge and interest under Section 204 of the NIRC and Revenue Regulations No. 13-2001;

3. The accumulated Input VAT account of Toll Companies shall have a zero balance on August 16, 2010.

4. All Tollway Operators are required to comply with the invoice/receipt format prescribed under RMC 40-2005.

Please be advised accordingly.

To read the full text of RMC 63-2010, please click on the following link http://www.bdblaw.com.ph/index.php?option=com_dms&view=category&layout=table&Itemid=183&limitstart=0.

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