IRSISIndividual Residential Spray Irrigation Systems (pesticide system; Dallas, PA)
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The BIR said it aims to implement the IRSIS by the end of the year.
In 2013, the BIR chose the APO Production Unit, a government-run company under the Presidential Communication Operations Office (PCOO), for the IRSIS project because security stamps are considered accountable forms.
The BIR implemented IRSIS to capture the alleged "illicit cigarette trade in the local market.
Earlier, the government started implementing IRSIS.
Dulay told a House ways and means committee hearing on Tuesday that the BIR has started circulating to stakeholders a draft revenue regulation (RR) that would implement the IRSIS on alcohol.
But Dulay later told reporters that the BIR would coordinate with the DOF, APO as well as IRSIS Corp.
7-2014 which imposes the affixture of Internal Revenue Stamps on imported and locally-manufactured cigarettes as well as the use of the IRSIS for the ordering, distribution and monitoring of tobacco manufacturers.
Dominguez said the IRSIS will now include alcohol products, with the BIR set to sign a memorandum of agreement with the APO Production Unit for the printing of the alcohol tax stamps.
Orders for the tax stamps, the IRR said shall be placed through an IRSIS ordering module by the cigarette firm's authorized personnel and must be submitted before 12 noon.
All concerned importers and local manufacturers of cigarettes shall have been enrolled with IRSIS and the necessary briefings/trainings shall have been conducted to all concerned taxpayers and BIR personel," the agency said.
Maybe a bit because there will be stricter control," Jacinto-Henares told reporters when asked if the implementation of IRSIS will result in higher excise tax revenues.
One of the main concerns that the tobacco industry has raised about the IRSIS project, Jacinto-Henares said is the inclusion of cigarette packets intended for the overseas markets.