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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 A-2
      LOCAL DISTILLED SPIRITS BRANDS PRODUCED FROM SAP
      OF NIPA, COCONUT, ETC. COVERED BY SECTION 141 [b]
      BRAND/TYPE OF SPIRITS
      [All in 750 ml./Bottle]
      SIZE
      A
      PROOF
      B
      PROOF
      LITER PER BOTTLE
      C
      RETAIL PRICE
      D
      VAT [10%]
      E
      EXCISE TAX 
      PER BOTTLE  [bx8.00]
      F
      PERCENTAGE EXCISE TAX IN RELATION TO RETAIL PRICE [e/c]
      G
      NET RETAIL PRICE [EXCLUDING VAT AND EXCISE TAX]
      Emperador Brandy
      187ml 
      375 ml 
      750 ml
      80
      80
      80
      P 0.150 
      0.300
      0.600
      P12.50
      19.50
      38.50
      P 1.25
      1.95
      3.85
      1.200
      2.400
      4.800
      9.60%
      12.31%
      12.47%
         P 10.05 
      15.15
      29.85
      Napoleon VSOP
      375 ml 
      750 ml
      84
      84
      0.315
      0.630
      71.00
      145.00
      P 7.10 
      14.50
      2.520
      5.040
       3.55%
       3.48%
         61.38 
      125.46
      Napoleon 5 years
      375 ml
      84
      0.315
      18.50
      1.85
      2.520
      13.62%
        14.13
      VOS Brandy 5 years
      375 ml
      80
      0.300
      19.00
      1.90
      2.400
      12.63%
       14.70
      VOS Brandy Special Edition
      375 ml
      00
      0.300
      17.50
      1.75
      2.400
      13.71
       13.35
      White Castle Whiskey
      187 ml 
      375 ml 
      750 ml
      80
      80
      80
      0.149
      0.300
      0.600
      12.25
      21.00
      42.00
      1.23
      2.10
      4.20
      1.192
      2.400
      4.800
       9.73%
      11.43%
      11.43%
       9.83
      16.50
      33.00
      Manila Tondena Rhum
      750 ml
      80
      0.600
      44.50
      4.45
      4.800
      10.79%
      35.25
      Manila Tondena Gold
      750 ml
      80
      0.600
      44.50
      4.45
      4.800
      10.79%
      35.25
      Gilbey's Gin
      1 liter 
      750 ml
      90
      0.900
      0.675
      114.50
      89.50
      11.45
      8.95
      7.200
      5.400
      6.29%
      6.03%
      95.85
      75.15
      Tanduay ESQ
      375 ml 
      750 ml
      65
      0.243
      0.467
      11.50
      23.00
      1.15
      2.30
      1.944
      3.736
      16.90%
      16.24%
        8.41
       16.96
      Tanduay White
      375 ml 
      750 ml
      80
      0.300
      0.600
      11.50
      23.00
      1.15
      2.30
      2.400
      4.800
      20.87%
      20.87%
        7.95
       15.90
      Tanduay Rhum 65
      375 ml 
      750 ml
      65
      0.240
      0.487
      11.50
      23.00
      1.15
      2.30
      1.920
      3.896
      16.70%
      16.94%
        8.43
       16.80


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