Increasing the Specific Tax Rates on Cigarettes by Amending Section 137(b) of the NIRC as Amended, Effective July 28, 1975

July 28, 1975 REVENUE MEMORANDUM CIRCULAR NO. 18-75 TO : All Internal Revenue Officers and Others Concerned SUBJECT : Increasing the Specific Tax Rates on Cigarettes by Amending Section 137(b) of the National Internal Revenue Code as Amended, Effective July 28, 1975 1. In pursuance of Section 137(b) of the National Internal Revenue Code, as amended by Presidential Decree No. 753 promulgated on July 27, 1975, the following rates of Specific Taxes shall be collected effective July 28, 1975 on cigarettes classified hereunder: SPECIFIC TAXES ON LOCALLY MANUFACTURED CIGARETTES UNDER THE NEW RATES Pack in 30's Local Brand Retail Price per Pack Per Thousand Denomination 1 Not exceeding P0.60 P3.00 P0.09 2 Exceeding P0.60 but does not exceed P0.80 5.00 0.15 3 Exceeding P0.80 but does not exceed P1.10 8.00 0.24 Pack in 20's Local Brand Foreign Brand Retail Price per Pack Per Thousand Denom. Per Thousand Denom. 1 Not exceeding P1.10 P10.00 P0.20 P15.00 P0.30 2 Exceeding P1.10 but does not exceed P1.40 16.00 0.32 24.00 0.48 3 Exceeding P1.40 but does not exceed P1.70 18.00 0.36 27.00 0.54 4 Exceeding P1.70 but does not exceed P2.00 20.00 0.40 30.00 0.60 5 Exceeding P2.00 but does not exceed P2.50 32.00 0.64 48.00 0.96 6 Exceeding P2.50 but does not exceed P3.00 40.00 0.80 60.00 1.20 7 Exceeding P3.00 50.00 1.00 75.00 1.50 FOR IMPORTED CIGARETTES 80.00 1.60 2. In the implementation of the new rates, the Accountable Forms Division, upon the presentation of a duly approved stamps requisition (BIR Form 31.30) and the official receipts evidencing full payment of the total amount or value of strip stamps indicated on said requisition, shall issue from its stock the quantity of strip stamps being requisitioned in accordance with the following procedures and rates: A. MODE OF PAYMENT 1. Two (2) Tax Payment Acceptance Order (TPAO), shall be issued to the requisitioners, one representing the value of the strip stamps under the old rate and another representing the additional value of the strip stamps under the new rate. B. STRIP STAMPS TO BE ISSUED BY THE ACCOUNTABLE FORMS DIVISION UNDER THE NEW RATES STAMPS ISSUED UNDER THE OLD CLASSESSTAMPS CORRESPONDING TO THE AND DENOMINATIONS NEW RATES OF SPECIFIC TAX Class Denomination Class Denom. 20's @ P8.00/M P0.16 20's @ P10.00/M P0.20 20's @ P14.00/M 0.28 20's @ P16.00/M 0.32 20's @ P16.00/M 0.32 20's @ P27.00/M 0.54 20's @ P18.00/M 0.36 20's @ P30.00/M 0.60 20's @ P25.00/M 0.50 20's @ P60.00/M 1.20 This matter should be given as wide publicity as possible. MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5