Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as a Result of the Change in Company Netback per Energy Regulatory Board Resolution No. 90-02 Dated February 23, 1990
Revenue Memorandum Circular No. 023-90 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Mar 12, 1990
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March 12, 1990 REVENUE MEMORANDUM CIRCULAR NO. 023-90 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as a Result of the Change in Company Netback per Energy Regulatory Board Resolution No. 90-02 Dated February 23, 1990 TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all concerned, published hereunder are the new ad valorem taxes on the following petroleum products effective 12:01 A.M., January 1, 1990. acd Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P3.4036 P3.4035 (P0.0001) Regular Gasoline 3.1201 3.0860 ( 0.0341) Avturbo 3.7835 4.0397 0.2562 Kerosene 1.3114 1.3984 0.0870 Diesel 1.1707 1.2599 0.0892 Fuel oil/Feedstock - - - LPG 0.8901 0.9351 0.0450 or 1.5924/kg. or 1.6729/kg. 0.0805 Asphalts 0.8824/kg. 0.8951/kg. 0.0127 Thinners 1.1117 1.1131 0.0014 All internal revenue officers and other concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. aisa dc (SGD.) EUFRACIO D. SANTOS Officer-in-Charge
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