Publishing the Revised Ad Valorem Taxes on Certain Petroleum Products
Revenue Memorandum Circular No. 71-89 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Nov 14, 1989
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November 14, 1989 REVENUE MEMORANDUM CIRCULAR NO. 71-89 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. 89-17 Dated October 18, 1989 TO : All Internal Revenue 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, 1989. cd PESO/LITER Products Previous Tax Present Tax Difference Premium/Avgas P3.7796 P3.3997 (P0.3799) Regular Gasoline 3.4290 3.0626 (0.3664) Avturbo 3.2276 3.2707 0.0431 Kerosene 1.1175 1.1346 0.0171 Diesel Fuel Oil 1.1009 1.1150 0.0141 Fuel Oil (Bunker) LPG 0.8977 0.9240 0.0263 or 1.6060/kg. or 1.6530/kg. 0.0470 Asphalts 0.8823/kg. 0.8833/kg. 0.0010 Thinners 1.2424 1.1110 (0.1314) 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.) VICTOR A. DEOFERIO, JR. Deputy Commissioner Officer-in-Charge
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