THENATIONAL INTERNAL REVENUE CODEOF THE PHILIPPINES[Tax Reform Act of 1997]Republic Act No. 8424AN ACT
AMENDING
THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR
OTHER
PURPOSES
TITLE VIEXCISE
TAXES
ON CERTAIN GOODS
CHAPTER VEXCISE
TAX
ON PETROLEUM PRODUCTS
SEC.
148. Manufactured Oils and Other Fuels. -There
shall be collected on refined and manufactured mineral oils and motor
fuels,
the following excise taxes which shall attach to the goods hereunder
enumerated
as soon as they are in existence as such:
(a) Lubricating oils
and greases, including but not limited to, base stock for lube oils and
greases, high vacuum distillates, aromatic extracts, and other similar
preparations, and additives for lubricating oils and greases, whether
such
additives are petroleum based or not, per liter and kilogram
respectively,
of volume capacity or weight, Four pesos and fifty centavos (P4.50): Provided,
however, That the excise taxes paid on the purchased feedstock
(bunker)
used in the manufacture of excisable articles and forming part thereof
shall be credited against the excise tax due therefrom: Provided,
further,
That lubricating oils and greases produced from base stocks and
additives
on which the excise tax has already been paid shall no longer be
subject
to excise tax: Provided, finally, That locally produced or
imported
oils previously taxed as such but are subsequently reprocessed,
rerefined
or recycled shall likewise be subject to the tax imposed under this
Section.
(b) Processed gas,
per liter of volume capacity, Five centavos (P0.05);
(c) Waxes and
petrolatum,
per kilogram, Three pesos and fifty centavos (P3.50);
(d) On denatured
alcohol
to be used for motive power, per liter of volume capacity, Five
centavos
(P0.05): Provided, That unless otherwise provided by special
laws,
if the denatured alcohol is mixed with gasoline, the excise tax on
which
has already been paid, only the alcohol content shall be subject to the
tax herein prescribed. For purposes of this Subsection, the removal of
denatured alcohol of not less than one hundred eighty degrees (180o
) proof (ninety percent (90%) absolute alcohol) shall be deemed to have
been removed for motive power, unless shown otherwise;
(e) Naphtha, regular
gasoline and other similar products of distillation, per liter of
volume
capacity, Four pesos and eighty centavos (P4.80): Provided, however,
That naphtha, when used as a raw material in the production of
petrochemical
products or as replacement fuel for natural-gas-fired-combined cycle
power
plant, in lieu of locally-extracted natural gas during the
non-availability
thereof, subject to the rules and regulations to be promulgated by the
Secretary of Energy, in consultation with the Secretary of Finance, per
liter of volume capacity, Zero (P0.00): Provided, further, That
the by-product including fuel oil, diesel fuel, kerosene, pyrolysis
gasoline,
liquefied petroleum gases and similar oils having more or less the same
generating power, which are produced in the processing of naphtha into
petrochemical products shall be subject to the applicable excise tax
specified
in this Section, except when such by-products are transferred to any of
the local oil refineries through sale, barter or exchange, for the
purpose
of further processing or blending into finished products which are
subject
to excise tax under this Section;
(f) Leaded premium
gasoline, per liter of volume capacity, Five pesos and thirty-five
centavos
(P5.35); unleaded premium gasoline, per liter of volume capacity, Four
pesos and thirty-five centavos (P4.35);
(g) Aviation turbo
jet fuel, per liter of volume capacity, Three pesos and sixty-seven
centavos
(P3.67);
(h) Kerosene, per
liter
of volume capacity, Sixty centavos (0.60): Provided, That
kerosene,
when used as aviation fuel, shall be subject to the same tax on
aviation
turbo jet fuel under the preceding paragraph (g), such tax to be
assessed
on the user thereof;
(i) Diesel fuel oil,
an on similar fuel oils having more or less the same generating power,
per liter of volume capacity, One peso and sixty-three centavos (P1.63);
(j) Liquefied
petroleum
gas, per liter, Zero (P0.00): Provided, That liquefied
petroleum
gas used for motive power shall be taxed at the equivalent rate as the
excise tax on diesel fuel oil;
(k) Asphalts, per
kilogram,
Fifty-six centavos (P0.56); and
(l) Bunker fuel oil,
and on similar fuel oils having more or less the same generating power,
per liter of volume capacity, Thirty centavos (P0.30).
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