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. 89-15 Dated June 6, 1989
Revenue Memorandum Circular No. 35-89 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Jun 9, 1989
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June 9, 1989 REVENUE MEMORANDUM CIRCULAR NO. 35-89 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. 89-15 Dated June 6, 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, May 1, 1989. cdt Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P2.8981 P3.5672 0.6691 Regular Gasoline 2.5521 3.1834 0.6313 Avturbo 3.5844 3.5239 (0.0605) Kerosene 1.2475 1.2223 (0.0252) Diesel Fuel 1.0591 1.1874 0.1283 Fuel Oil (Bunker) LPG 0.8776 0.9570 0.0794 or 1.5700/kg. or 1.7121/kg. 0.1421/kg. Asphalts 0.6831/kg. 0.8136/kg. 0.1305/kg. Thinners 0.9406 1.1649 0.2243 All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. JOSE U. ONG Commissioner of Internal Revenue
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