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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-3
      DISTILLED SPIRITS BRANDS PRODUCED FROM GRAINS,
      CEREALS AND GRAINS COVERED BY SECTION 141 [b]
         
      BRAND/TYPE OF SPIRITS
      [All in 750 ml./Bottle]
      TYPE
      A
      PROOF
      B
      PROOF
      LITER PER BOTTLE [ax.75]
      C
      RETAIL PRICE
      [PhP]
      D
      VAT [10%]
      [PhP]
      E
      EXCISE TAX 
      PER BOTTLE
      F
      PERCENTAGE EXCISE TAX IN RELATION TO RETAIL PRICE [e/c]
      G
      NET RETAIL PRICE [EXCLUDING VAT AND EXCISE TAX]
      [PhP]
      I. Premium [High-Priced] (b x P300)
      Martell XO  
      Johnny Walker Blue Label  
      Carlos I  
      Old Parr  
      Swing  
      Glenlivet  
      Johhny Walker

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      80

      86

      80

      86

      86

      86

      86

      0.600

      0.645

      0.600

      0.645

      0.645

      0.645

      0.645

      3,500.00

      3,500.00

      948.25

      850.00

      850.00

      817.65

      800.00

      350.00

      350.00

      94.83

      85.00

      85.00

      81.77

      80.00

      180.00

      193.50

      180.00

      193.50

      193.50

      193.50

      193.50

        5.143%

        5.529%

        18.982%

        22.765%

        22.765%

        23.665%

        24.188%

      2,970.00

      2,956.50

      673.43

      571.50

      571.50

      542.39

      526.50

      II. De-Luxe [Medium Priced]  (b x P150)
      Cardhu  
      St. George  
      Teachers  
      Canadian Club  
      Chivas Regal  
      Cutty Sark  
      Black Label  
      Asbach Urali  
      Something Special  
      Famous Gruise  
      Balantines  
      Bush Mills  
      J&B  
      Red Label  
      Jim Beam  
      Black and White  
      White Rose

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      Brandy

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      Whisky

      80

      80

      86

      80

      86

      86

      86

      70

      86

      86

      86

      86

      86

      86

      86

      86

      86

       

      0.600

      0.600

      0.645

      0.600

      0.645

      0.645

      0.645

      0.525

      0.645

      0.645

      0.645

      0.645

      0.645

      0.645

      0.645

      0.645

      0.645

      772.75

      750.00

      701.60

      668.20

      635.00

      632.50

      620.00

      480.00

      450.00

      426.00

      423.50

      416.50

      405.50

      370.00

      360.00

      340.00

      330.00

       

      77.28

      75.00

      70.16

      66.82

      63.50

      63.25

      62.00

      48.00

      45.00

      42.60

      42.35

      41.65

      40.55

      37.00

      36.00

      34.00

      33.00

      90.00

      90.00

      96.75

      90.00

      96.75

      96.75

      96.75

      78.75

      96.75

      96.75

      96.75

      96.75

      96.75

      96.75

      96.75

      96.75

      96.75

      11.647%

      12.000%

      13.790%

      13.469%

      15.236%

      15.296%

      15.605%

      16.406%

      21.500%

      22.711%

      22.845%

      23.229%

      23.859%

      26.149%

      26.875%

      28.456%

      29.318%

      605.48

      585.00

      534.69

      511.38

      474.75

      472.50

      461.25

      353.25

      308.25

      286.65

      284.40

      278.10

      268.20

      236.25

      227.25

      209.25

      200.25

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