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. 88-07 Dated June 17, 1988
Revenue Memorandum Circular No. 35-88 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Jun 22, 1988
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June 22, 1988 REVENUE MEMORANDUM CIRCULAR NO. 35-88 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. 88-07 Dated June 17, 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 A.M. May 1, 1988. cd Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P3.1599 P3.0421 (P0.1178) Regular Gasoline 2.7332 2.6079 (0.1253) Avturbo 3.5195 3.5195 Kerosene 1.1851 1.1136 (0.0715) Diesel Fuel 1.0694 1.0510 (0.0184) Fuel Oil (Bunker) LPG* 0.9553 0.9436 (0.0117) Asphalts 0.8619 0.7468 (0.1150) Thinners 1.0264 0.9868 (0.0396) * P1.6881/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 (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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