DOF, BOC, BIR issue guidelines on collecting fuel marking fee

The Department of Finance (DOF), Bureau of Customs (BOC), and Bureau of Internal Revenue (BIR) have a joint memorandum prescribing the implementing guidelines for the collection and disbursement of the fuel marking fee as the second year of the program approaches.

The fuel marking fee was subsidized by the Philippine government in the first year of the program.

The agencies issued Joint Memorandum Order (JMO) 1-2020, which prescribed guidelines for the collection of the fuel marking fee.

“The Fuel Marking Fee collected by BIR and BOC, respectively, shall be credited to the Fuel Marking Trust account established under DOF-Department of Budget and Management-Commission on Audit Permanent Committee Joint Circular 001-2018 dated 29 October 2018,” the BOC said in a statement.

The BOC said the fund will be used solely to defray the cost of marking services for the second to fifth year of the implementation of the Fuel Marking Program.

According to the said JMO 1-2020, a fuel marking fee of P0.06884 (value-added tax inclusive) per liter shall be collected by BIR and BOC, respectively, on all manufactured, refined, or imported petroleum products subject to fuel marking that are withdrawn and/or lodged beginning September 4, 2020.

The JMO 1-2020 requires the importers to use the code “FMF” to trigger the computation of fuel marking fee upon lodgement of the goods declaration in the BOC’s electronic-to-mobile system.

“Meanwhile, refiners shall use the Fuel Marking Fee Form (FMFF) prescribed by the BIR for payment,” the BOC said.

The JMO 1-2020 took effect on 1 September 2020 upon its publication through a newspaper. — DVM, GMA News