Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Change in Company Netback per Energy Regulatory Board Order Dated August 16, 1988
Revenue Memorandum Circular No. 44-88 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Aug 24, 1988
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August 24, 1988 REVENUE MEMORANDUM CIRCULAR NO. 44-88 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Change in Company Netback per Energy Regulatory Board Order Dated August 16, 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., July 1, 1988. cd i Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas 3.0421 3.1006 .0585 Regular Gasoline 2.6079 2.7436 .1357 Avturbo 3.5195 3.0217 (.4978) Kerosene 1.1136 1.0506 (.0630) Diesel Fuel 1.0510 1.0401 (.0109) Fuel Oil/Feedstock LPG .9436 .9070 (.0366) Asphalts .7468 .7606 .0138 Thinners .9868 1.0091 .0223 All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. BIENVENIDO A. TAN, JR. Commissioner
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