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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 B

       BRAND/TYPE/SIZE
      A
       RETAIL PRICE
      B
       VAT (10%)
      C
       EXCISE TAX PER BOTTLE
      D
      PERCENTAGE OF EXCISE TAX IN RELATION TO RETAIL PRICE 
      (e/a)
      E
      NET RETAIL PRICE [excluding VAT and Excise Tax]
      Sparkling Wines/Champagnes  
      [Regardless of Proof]
      Mumm Cordon Rouge Vintage  
      Mumm Cordon Rouge R. (700 ml)  
      Mumm Cordon Rouge R. (375 ml)  
      Perrier Jouet (700 ml)  
      Perrier Jouet (375 ml)

      1,760.00

      1,070.00

      574.00

      1070.00

      580.00

      176.00

      107.00

      57.40

      107.00

      58.00

      300.00

      300.00

      100.00

      300.00

      100.00

      17.05%

      28.04%

      17.42%

      28.04%

      17.24%

      1,284.00

      663.00

      416.60

      663.00

      422.00

      Still Wines
      14% or less proof
      B&G Partager Blanc (750 ml)  
      B&G Partager (750 ml)

      170.00

      170.00

      17.00

      17.00

      12.00

      12.00

      7.06%

      7.06%

      141.00

      141.00

      More than 14% proof
      B&G Chardonnay (750 ml)  
      B&G Cabernet (750 ml)  
      B&G Partager St. Emillion (750 ml)  
      B&G Partager Medoc (750 ml)  
      B&G Partager Beaujolais (750 ml)  
      B&G Partager Chablis (750 ml)  
      B&G Partager Poeirlly Fuisse (750 ml)  
      B&G Chateau Neuf du Pape (750 ml) 

      385.00

      385.00

      495.00

      310.00

      275.00

      616.00

      655.00

      500.00

      38.50

      38.50

      49.50

      31.00

      27.50

      61.60

      65.50

      50.00

      24.00

      24.00

      24.00

      24.00

      24.00

      24.00

      24.00

      24.00

      6.23%

      6.23%

      4.85%

      7.74%

      8.73%

      3.90%

      3.66%

      4.80%

      322.50

      322.50

      421.50

      255.00

      223.50

      530.40

      565.50

      426.00



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