Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as a Result of the Change in Company Netback Per Energy Regulatory Board Resolution No. 89-16 Dated August 17, 1989
Revenue Memorandum Circular No. 50-89 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Aug 18, 1989
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August 18, 1989 REVENUE MEMORANDUM CIRCULAR NO. 50-89 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as a Result of the Change in Company Netback Per Energy Regulatory Board Resolution No. 89-16 Dated August 17, 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, July 1, 1989. aisa dc PESO/LITER Products Previous Tax Present Tax Difference Premium/Avgas P3.5672 P3.7519 P0.1847 Regular Gasoline 3.1834 3.4013 0.2179 Avturbo 3.5239 3.1999 (0.3240) Kerosene 1.2223 1.1081 (0.1142) Diesel Fuel Oil 1.1874 1.0914 (0.0960) Fuel Oil (Bunker) L P G 0.9570 0.8883 (0.0687) or 1.7121/kg. or 1.5892/kg. (0.1229) Asphalts 0.8136/kg. 0.8728/kg. 0.0592 Thinners 1.1649 1.2330 0.0681 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 JOSE U. ONG Commissioner of Internal Revenue
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