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. 89-13 Dated April 5, 1989
Revenue Memorandum Circular No. 26-89 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Apr 11, 1989
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April 11, 1989 REVENUE MEMORANDUM CIRCULAR NO. 26-89 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. 89-13 Dated April 5, 1989 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, March 1, 1989. cdt Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P2.6058 P2.8981 0.2923 Regular Gasoline 2.2436 2.5521 0.3085 Avturbo 2.8512 3.5844 0.7332 Kerosene 0.9945 1.2475 0.2530 Diesel Fuel 0.8504 1.0591 0.2087 Fuel Oil (Bunker) L P G* 0.8761 0.8776 0.0015 Asphalts 0.6463 0.6831 0.0368 Thinners 0.8404 0.9406 0.1002 * 1.5700/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. casia JOSE U. ONG Commissioner
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