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. 87-07 Dated November 18, 1987
Revenue Memorandum Circular No. 50-87 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Dec 2, 1987
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December 2, 1987 REVENUE MEMORANDUM CIRCULAR NO. 50-87 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. 87-07 Dated November 18, 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, November 19, 1987. aisa dc Peso/Liter Products Previous Tax Present Tax Difference Premium/Avgas P3.4785 P3.3598 (P0.1187) Regular Gasoline 3.1375 3.0188 ( .1187) Avturbo 3.5250 3.5250 Kerosene 1.1419 1.1013 ( .0406) Diesel 1.0970 1.0564 ( .0406) Fuel oil/Feedstock LPG* .7824 .7418 ( .0406) Thinner/Solvent 3.3119 3.1932 ( .1187) Asphalts 1.0026 .9620 ( .0406) * P1.3997/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. cd i (Sgd.) EUFRACIO D. SANTOS Deputy Commissioner Officer-in-Charge
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