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. 90-11 Dated August 14, 1990
Revenue Memorandum Circular No. 080-90 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Aug 22, 1990
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August 22, 1990 REVENUE MEMORANDUM CIRCULAR NO. 080-90 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. 90-11 Dated August 14, 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. July 1, 1990. acd Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P3.7746 P3.5964 (0.1782) Regular Gasoline 3.5024 3.2622 (0.2402) Avturbo 3.5739 3.4037 (0.1702) Kerosene 1.2367 1.1704 (0.0663) Diesel Fuel Oil 1.1982 1.1532 (0.0450) Fuel Oil (Bunker) 0 0 0 LPG 1.0751 1.0590 (0.0161) or 1.9234/kg. 1.8946 (0.0288) Asphalts 0.8896 0.7956 (0.0631) Thinners 1.2411 1.1780 (0.0631) All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. (SGD.) EUFRACIO D. SANTOS Deputy Commissioner
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