Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as a Result of the Change in Company Netback per Energy Regulatory Board Order Dated August 15, 1989 and August 16, 1989
Revenue Memorandum Circular No. 51-89 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Aug 18, 1989
Full text
August 18, 1989 REVENUE MEMORANDUM CIRCULAR NO. 51-89 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as a Result of the Change in Company Netback per Energy Regulatory Board Order Dated August 15, 1989 and August 16, 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, August 16, 1989. casia PESO/LITER Products Previous Tax Present Tax Difference Premium/Avgas P3.7519 P3.7796 P0.0277 Regular Gasoline 3.4013 3.4290 0.0277 Avturbo 3.1999 3.2276 0.0277 Kerosene 1.1081 1.1175 0.0094 Diesel Fuel Oil 1.0914 1.1009 0.0095 Fuel Oil (Bunker) L P G 0.8883 0.8977 0.0094 or 1.5892/kg. or 1.6060/kg. 0.0168 Asphalts 0.8728/kg. 0.8823/kg. 0.0095 Thinners 1.2330 1.2424 0.0094 All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. aisa dc JOSE U. ONG Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.