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PRESIDENTIAL DECREE NO. 1122
PRESIDENTIAL DECREE NO. 1122 -
INCREASING THE SPECIFIC TAX ON GASOLINE, AVIATION TURBO JET FUEL,
DIESEL FUEL OIL, SOLVENTS AND THINNERS BY FURTHER AMENDING SectionS 142
AND 145 OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED
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chanroblesvirtualawlibrary
WHEREAS,
notwithstanding the last increase in the specific tax rates on
petroleum products, the price thereof in the Philippines is still one
of the lowest in Asia as revealed in a recent survey;chanroblesvirtualawlibrary
WHEREAS, the prevailing global crisis in oil has rendered it imperative
for the government to adopt stronger measures which would discourage
the wasteful consumption thereof; and
WHEREAS, the increase in the tax component of the price of some
petroleum products is an effective measure of oil conservation and
would further provide an equitable source of additional revenues for
economic development.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
order and decree the following:cralaw:red
Section 1. Sections 142 and 145 of Commonwealth Act
No. 466, as amended, otherwise known as the National Revenue Code, are
hereby further amended to read as follows: chanroblesvirtualawlibrary
"Sec. 142. Specific tax on manufactured oils and
other fuels. — On refined and manufactured mineral oils and motor
fuels, there shall be collected the following taxes which shall attach
to the articles hereunder enumerated as soon as they are in existence
as such:cralaw:red
(a) Kerosene, per liter of volume capacity, seven
centavos;chanroblesvirtualawlibrary
(b) Lubricating oils, per liter of volume capacity,
sixty-five centavos;chanroblesvirtualawlibrary
(c) Naptha, gasoline and all other similar products
of distillation, per liter of volume capacity, FIFTY CENTAVOS;
PROVIDED, HOWEVER, THAT ON PREMIUM AND AVIATION GASOLINE THE TAX SHALL
BE FIFTY-FIVE CENTAVOS PER LITER OF VOLUME CAPACITY;chanroblesvirtualawlibrary
(d) On denatured alcohol to be used for motive power,
per liter of volume capacity, one centavo; Provided that, unless
otherwise provided for by special law, if the denatured alcohol is
mixed with gasoline, the specific tax on which has already been paid,
only the alcohol content shall be subject to the tax herein prescribed.
For the purposes of this subsection, the removal of denatured alcohol
of not less than one hundred eight degrees proof (ninety per centum)
absolute alcohol shall be deemed to have been removed for motive power,
unless shown to the contrary;chanroblesvirtualawlibrary
(e) Process gas, per liter of volume capacity, two
centavos;chanroblesvirtualawlibrary
(f) Thinners and solvents, per liter of volume
capacity, FORTY centavos;chanroblesvirtualawlibrary
(g) Liquefied petroleum gas, per kilogram twelve
centavos; PROVIDED THAT, LIQUEFIED PETROLEUM GAS USED FOR MOTIVE POWER
SHALL BE TAXED AT THE EQUIVALENT RATE AS THE SPECIFIC TAX ON DIESEL
FUEL OIL;chanroblesvirtualawlibrary
(h) Asphalts, per kilogram, five centavos;chanroblesvirtualawlibrary
(i) Greases, waxes and petroleum, per kilogram,
thirty-five centavos;chanroblesvirtualawlibrary
(j) Aviation turbo jet fuel, per liter of volume
capacity, THIRTY centavos;chanroblesvirtualawlibrary
"Sec. 145. Specific Tax on diesel fuel oil. — On fuel
oil commercially known as diesel fuel oil, and on all similar fuel
oils, having more or less the same generating power, per liter of
volume capacity, SEVENTEEN AND ONE HALF centavos, which tax shall
attach to this fuel oil as soon as it in existence as such." chanroblesvirtualawlibrary
Section 2. This Decree shall take effect immediately.
Done in the City of Manila,
this 21st day of April, in the year of Our Lord, nineteen hundred and
seventy-seven.
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Since 19.07.98
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