Publishing Executive Order No. 924 Revising the Retail Prices and Specific Taxes on Local and Imported Cigarettes

November 17, 1983 REVENUE MEMORANDUM CIRCULAR NO. 36-83 SUBJECT : Publishing Executive Order No. 924 Revising the Retail Prices and Specific Taxes on Local and Imported 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. 924: I. The revised maximum retail prices and specific taxes on cigarettes are as follows: A. Cigarettes packed in 30's SPECIFIC TAX MAXIMUM RETAIL PRICE PER PACK PER THOUSAND/PER PACK EXCEEDING NOT EXCEEDING P140 P3.00 P0.09 P1.40 1.75 5.00 0.15 1.75 8.00 0.24 (No changes on specific tax rates for cigarettes packed in 30's) B. Cigarettes packed in 20's P2.65 P20.00 P0.40 P2.66 3.25 28.00 0.56 3.26 4.00 32.00 0.64 4.01 4.50 46.00 0.92 4.51 5.00 64.00 1.28 5.01 5.60 91.00 1.82 5.61 121.00 2.42 C. Cigarettes of foreign manufacture regardless of retail price or contents per pack P121.00. II. In addition to the above revision, Executive Order No. 924 also - 1. Reduced the number of brackets from 18 to 10; 2. Converted the 50% surcharge on locally manufactured cigarettes which are of foreign brands to absolute amounts; and 3. Unified the taxes on imported cigarettes with the highest tax rate for locally manufactured cigarettes using foreign brands; III. 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 November 16, 1983 or March 15, 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 on each pack of cigarette. IV. 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 No. 863, were retained in Executive Order No. 924. casia V. The provisions of Executive Order No. 924 shall take effect on November 16, 1983. All internal revenue officials, employees and others concerned are hereby enjoined to give this Revenue Memorandum Circular the widest publicity. (SGD.) RUBEN B. ANCHETA Acting Commissioner