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. 89-19 Dated November 28, 1989
Revenue Memorandum Circular No. 72-89 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Dec 4, 1989
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December 4, 1989 REVENUE MEMORANDUM CIRCULAR NO. 72-89 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. 89-19 Dated November 28, 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, November 1, 1989. All internal revenue officers and others concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. cdt (SGD.) VICTOR A. DEOFERIO, JR. Deputy Commissioner Officer-in-charge ATTACHMENT PESO/LITER Products Previous Tax Present Tax Difference Premium/Avgas P3.3997 P3.4036 P0.0039 Regular Gasoline 3.0626 3.1201 0.0575 Avturbo 3.2707 3.7835 0.5128 Kerosene 1.1346 1.3114 0.1768 Diesel Fuel Oil 1.1150 1.1707 0.0557 Fuel Oil (Bunker) LPG 0.9240 0.8901 (0.0339) or 1.6530/kg or 1.5924/kg (0.0606) Asphalts 0.8833/kg 0.8824/kg (0.0009) Thinners 1.1110 1.1117 0.0007
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