Bitter enforcement of sweet promises? It has been more than a year since the imposition of excise tax on sweetened beverages (SB) which took effect by virtue of Republic Act (RA) No. 10963, otherwise known as the Tax Reform for Acceleration and Inclusion (TRAIN) Law. Since the introduction of the additional excise tax on SB, there has been a lot of questions raised by taxpayers, as well as tax practitioners, on how the Bureau of Internal Revenue (BIR) will enforce and administer the collection and monitoring of the said tax. For a more effective enforcement and collection of excise taxes, the BIR issued Revenue Regulations (RR) No. 20-2018 which prescribes the implementing rules and guidelines on the imposition of excise tax on SB. In its issuance, the BIR imposes an administrative requirement for registered SB producers to submit an Excise Tax Return for SB (BIR form no. 2200-S) and Excise Taxpayer’s Removal Declaration (ETRD or BIR form no. 2299) … [Read more...] about Bitter enforcement of sweet promises?