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. 87-06 Dated November 16, 1987
Revenue Memorandum Circular No. 47-87 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Nov 27, 1987
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November 27, 1987 REVENUE MEMORANDUM CIRCULAR NO. 47-87 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. 87-06 Dated November 16, 1987 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, September 1, 1987. cd Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P3.4636 P3.5374 P0.0738 Regular Gasoline 3.1226 3.1964 0.0738 Avturbo 3.1222 3.5250 0.4028 Kerosene 1.1368 1.1620 0.0252 Diesel Fuel 1.0919 1.1171 0.0252 Fuel Oil (Bunker) LPG* 0.7773 0.8025 0.0252 Asphalts 0.9975 1.0227 0.0252 Thinners/Solvents 3.2970 3.3708 0.0738 * P1.4357/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. (SGD.) EUFRACIO D. SANTOS Deputy Commissioner
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