Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Change in Company Netback per Energy Regulatory Board Resolution No. 88-03 Dated March 8, 1988
Revenue Memorandum Circular No. 14-88 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Mar 14, 1988
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March 14, 1988 REVENUE MEMORANDUM CIRCULAR NO. 14-88 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Change in Company Netback per Energy Regulatory Board Resolution No. 88-03 Dated March 8, 1988 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 AM, January 1, 1988. Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P3.3598 P3.2083 (P0.1515) Regular Gasoline 3.0188 2.7710 (.2478) Avturbo 3.5250 3.5250 - Kerosene 1.1013 1.1455 .0442 Diesel 1.0564 1.0701 .0137 Fuel oil/Feedstock - - - LPG* .7418 .9827 .2409 Thinner 3.1932 1.0461 (2.1471) Asphalts .9620 .8508 (.1112) * 1.7581/kilogram 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.) BIENVENIDO A. TAN, JR. Commissioner
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