Publishing Executive Order No. 863 Increasing the Retail Prices and Specific Taxes on Cigarettes

January 1, 1983 REVENUE MEMORANDUM CIRCULAR NO. 03-83 SUBJECT : Publishing Exe cu tive Order No. 863 Increasing the Retail Prices and Specific Taxes on Cigarettes TO : All Internal Revenue Officials, Employees and Others Concerned For the information and guidance of all concerned, hereunder are the salient features of Executive Order No. 863: I. The revised maximum retail prices and specific taxes on cigarettes are as follows: A. Locally manufactured: Cigarettes packed in 30's NEW MAXIMUM RETAIL PRICE PER PACK SPECIFIC TAX EXCEEDING NOT EXCEEDING PER THOUSAND (No Change) P1.10 P3.00 P1.10 1.45 5.00 1.45 8.00 B. Locally manufactured: 1. Cigarettes packed in 20's Local Brand New Maximum New Tax Rates Retail Price Per Pack Per Thousand/Per Pack P1.85 or less P17.00 P0.34 1.86 P2.15 23.00 0.46 2.16 2.45 25.00 0.50 2.46 2.85 28.00 0.56 2.86 3.25 40.00 0.80 3.26 3.75 48.00 0.96 Over P3.75 58.00 1.16 2. Cigarettes packed in 20's Foreign Brand New Maximum New Tax Rates Retail Price Per Pack Per Thousand/Per Pack P2.02 or less P25.50 P0.51 2.03 P2.38 34.50 0.69 2.39 2.70 37.50 0.75 2.71 3.13 42.00 0.84 3.14 3.65 60.00 1.20 3.66 4.23 72.00 1.44 Over P4.23 87.00 1.74 C. Imported Cigarettes Old Rate New Rate P87.00 P92.00 II. The safeguards as well as the specific requirements under existing provisions of Section 149 of the National Internal Revenue Code, as amended, were retained in Executive Order No. 863. III. The provisions of Executive Order No. 863 shall take effect on January 1, 1983. All Internal Revenue officials, employees and others concerned are hereby enjoined to give this Revenue Memorandum Circular the widest publicity. (SGD.) RUBEN B. ANCHETA Acting Commissioner