Publishing Executive Order No. 958 Revising the Retail Prices of Local Cigarettes

June 8, 1984 REVENUE MEMORANDUM CIRCULAR NO. 15-84 SUBJECT : Publishing Executive Order No. 958 Revising the Retail Prices of Local 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. 958. I. The revised maximum retail prices on cigarettes are as follows: (see chart) cdt A. Cigarettes packed in 30's: MAXIMUM RETAIL PRICE NO CHANGES ON SPECIFIC PER PACK TAX RATES EXCEEDING/EXCEEDING NOT PER THOUSAND/PER PACK P1.60 P3.00 P0.09 P1.60 2.00 5.00 0.15 2.00 8.00 0.24 B. Cigarettes packed in 20's: P3.65 P20.00 P0.40 P3.65 4.50 28.00 0.56 4.50 5.50 32.00 0.64 5.50 6.00 46.00 0.92 6.00 6.50 64.00 1.28 6.50 7.30 91.00 1.82 7.30 - 121.00 2.42 C. Cigarettes of foreign manufacture regardless of retail price or contents per pack P121.00 II. All cigarette manufacturers concerned shall be allowed to use their cigarette labels imprinted with the old maximum retail price per pack of their products for a period of one hundred twenty (120) days from June 7, 1984 up to October 5, 1984, after which date, they shall comply with the pertinent requirements of Section 149(b) of the National Internal Revenue Code, as amended, regarding the printing of the maximum retail price and specific tax due on each pack of cigarettes. acd III. The safeguards as well as the specific requirements under the existing provisions of Section 149 of the National Internal Revenue Code, as amended by Executive Order Nos. 863 and 924 were retained in Executive Order No. 958. IV. The provisions of Executive Order No. 958 shall take effect on June 7, 1984. All internal revenue officials, employees and others concerned are hereby enjoined to give this Revenue Memorandum Circular the widest publicity. RUBEN B. ANCHETA Acting Commissioner