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. 88-09 dated October 14, 1988
Revenue Memorandum Circular No. 53-88 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Nov 4, 1988
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November 4, 1988 REVENUE MEMORANDUM CIRCULAR NO. 53-88 SUBJECT : Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products as the Result of the Change in Company Netback per Energy Regulatory Board Resolution No. 88-09 dated October 14, 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 AM, September 1, 1988. cdt Peso/Liter Products Previous Tax Present Tax Difference July 1 September 1 Premium/Avgas P 3.1006 P 2.8742 (.2264) Regular Gasoline 2.7436 2.4789 (.2647) Avturbo 3.0217 2.7785 (.2432) Kerosene 1.0506 0.9630 (.0876) Diesel Fuel 1.0401 0.9257 (.1144) Fuel Oil (Bunker) lpg .9070 0.9519 .0449 Asphalts .7606 0.7505 (0.101) Thinners 1.0091 0.9287 (.0804) All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. casia BIENVENIDO A. TAN, JR. Commissioner
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