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Philippine Tax Update - Chan Robles Virtual Law Library



   
THE
NATIONAL INTERNAL REVENUE CODE
OF THE PHILIPPINES
[Tax Reform Act of 1997]
Republic Act No. 8424
AN ACT AMENDING THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES


    Read the full text of the


    NATIONAL INTERNAL REVENUE CODE OF 1997
    Republic Act No. 8424



      ANNEX C-2
       MFTR 
       BRAND 
       RETAIL PRICE 
      NET OF VAT
      AND AVT
       ST
       MAX
       %
      INCREASE 
      FIRST YEAR
       REVENUE
      COLLECTION
       INCREMENT 
      REVENUE
      TOTAL
      11,414,082,751
      1,201,533,316
      High Priced Brands

      67,261,844

      243,001

      56,657,798

      0

      San Miguel Corp.

      San Miguel Corp.

      San Miguel Corp.

      RPT in cans 330ml (24)  
      Premium Bottles 355ml (24)  
      Premium Can 330ml (24)

      26.20

      37.17

      42.24

      12.30

      12.30

      12.30

      12.52

      18.50

      19.91

      0.00%

      0.00%

      0.00%

      54,017,143

      1,520,873

      1,119,762

      0

      0

      0

       

      10,604,046

      243,001

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc 

      Carlsberg Beer Can 320ml (24)  
      Stag Beer in Cans 330ml (24)  
      Beer In Cans 330ml (24)

      26.10

      24.32

      22.92

      12.30

      12.30

      12.30

      13.43

      12.40

      12.30

      0.00%

      0.00%

      8.29%

      4,395,010

      3,036,099

      3,172,937

      0

      0

      243,001

       

      Medium Priced Brands

      7,698,510,882

      986,165,028

      7,674,770,708

      983,957,777

      San Miguel Corp.

      San Miguel Corp.

      San Miguel Corp.

      San Miguel Corp.

      San Miguel Corp.

      San Miguel Corp.

      San Miguel Corp.

      Super Dry 355 ml. (24)  
      Keg 30 liters  
      Keg 50 liters  
      Grande 1000 ml. (6)  
      Pale Pilsen 320 ml. (24)  
      Cerveza Negra 320 ml. (24)  
      Blue Ice

      20.36

      17.38

      17.38

      16.34

      14.75

      16.27

      16.68

      9.30

      9.30

      9.30

      9.30

      9.30

      9.30

      9.30

      9.36

      9.30

      9.30

      9.30

      9.30

      9.30

      9.30

      0.00%

      17.69%

      17.69%

      12.08%

      22.72%

      11.35%

      19.23%

      30,579,929

      34,056,284

      117,990,960

      5,493,364,759

      1,967,425,416

      1,889,165

      29,464,195

      0

      5,119,428

      17,736,706

      591,865,751

      364,291,029

      192,573

      4,752,290

       

      23,740,174

      2,207,251

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Carlsberg Beer 330 ml. (24)  
      Carlsberg Draft Keg 30 liters  
      Carlsberg Draft Keg 15 liters  
      Labatt Ice Beer 330 ml.

      16.01

      17.68

      17.68

      19.09

      9.30

      9.30

      9.30

      9.30

      9.30

      9.30

      9.30

      9.98

      16.72%

      22.24%

      22.24%

      0.00%

      10,472,705

      3,861,360

      26,226

      9,379,884

      1,499962

      702,518

      4,771

      0

      Low Priced Brands

      3,648,310,025

      215,125,287

      2,033,543,979

      92,419,938

      San Miguel Corp.

      San Miguel Corp.

      San Miguel Corp.

      San Miguel Corp.

      San Miguel Corp.

      Gold Eagle 320 ml. (24)  
      Mucho 750 ml. (6)  
      Red Horse 500 ml. (12)  
      RH Stallion 320 ml. (24)  
      Texas

      11.39

      13.88

      13.95

      13.73

      12.37

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      7.07

      6.80

      6.30

      5.85%

      11.46%

      0.00%

      0.00%

      12.06%

      503,671,058

      622,937,782

      868,238,576

      33,822,819

      4,873,743

      27,821,830

      64,073,600

      0

      0

      524,508

       

       

      1,614,766,046

      122,705,349

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Asia Brewery, Inc.

      Beer Pale Pilsen 320ml (24)  
      Stag Beer 320ml (24)  
      Manila Beer Litro 1000ml (6)  
      Beer Macho 1000ml (6)  
      Super Max 1000ml (6)  
      Admiral Beer 500ml (6)  
      Stag Beer 330ml (24)  
      Colt 45 500ml  
      Colt 45 1000ml  
      Stag Jumbo  
      Beer 750

      11.26

      12.42

      12.61

      10.83

      12.61

      12.25

      13.81

      14.31

      13.63

      13.01

      12.83

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      6.30

      9.15%

      3.65%

      13.15%

      8.25%

      13.15%

      13.15%

      3.65%

      0.00%

      0.00%

      3.65%

      8.02%

      532,653,370

      18,405,274

      39,335,096

      910,082,212

      4,874,386

      1,210

      58,783,548

      32,254,148

      1,648,291

      9,609,062

      7,119,450

      44,641,425

      648,567

      4,570,364

      69,339,597

      566,357

      141

      2,071,420

      0

      0

      338,605

      528,873

      San Miguel Corp.  
      % to Total  
      Asia Brewery, Inc.  
      % to Total

      9,764,972,484

      85.55%

      1,649,110,266

      14.45%

      1,076,377,715

      89.58%

      125,155,601

      10.42%




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