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. 90-06 Dated May 28, 1990
Revenue Memorandum Circular No. 052-90 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Jun 4, 1990
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June 15, 1990 REVENUE MEMORANDUM CIRCULAR NO. 052-90 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. 90-06 Dated May 28, 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. May 1, 1990. PESO/LITER Products Previous Tax Present Tax Difference Premium Avgas P3.6583 P3.7746 0.1163 Regular Gasoline 3.3486 3.5024 0.1538 Avturbo 3.9947 3.5739 (0.4208) Kerosene 1.3857 1.2367 (0.1490) Diesel Fuel Oil 1.3371 1.1982 (0.1389) Fuel Oil (Bunker) - - - LPG 1.0817 1.0751 (0.0066) or 1.9352/kg. or 1.9234/kg. (0.0118) Asphalts 0.9404 0.8896 (0.0508) Thinners 1.2001 1.2411 0.0410 All internal revenue officers and other concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. cd i JOSE U. ONG Commissioner of Internal Revenue
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