Implementing Rules and Regulations IRR on Sin Tax Law
REVENUE MEMORANDUM CIRCULAR 90-2012
SUBJECT
TO
Revised Tax Rates of
Alcohol and Tobacco Products Under Republic Act No. 10351, "An Act Restructuring The
Excise Tax On Alcohol And Tobacco Products By Amending Sections 141, 142, 143,
144, 145, 8, 131 And 288 of Republic Act No. 8424, Otherwise Known As The
National Internal Revenue Code Of 1997, as amended By Republic Act No. 9334,
And For Other Purposes"
All Internal Revenue Officers and Others
Concerned
This
Circular is hereby issued in order to provide the initial classifications,
effective January 1, 2013, of alcohol and tobacco products according to the tax
rates prescribed under Republic Act" No. 10351, "An Act Restructuring
The Excise Tax On Alcohol And Tobacco Products By Amending Sections 141, 142,
143, 144, 145, 8, 131 And 288 of Republic Act No. 8424, Otherwise Known As The
National Internal Revenue Code Of 1997, as amended By Republic Act No. 9334,
And For Other Purposes", based on the 2010 price survey of these products
conducted by this Bureau. In case of alcohol and/or tobacco products that were
introduced after the 2010 price survey but before the effectivity of the said
Act, their respective tax classification or rate is based on the suggested net
retail price declared in latest sworn statement filed by the local manufacturer
or importer, as the case maybe.
Provided,
that an additional Circular shall be issued in order to provide for the tax
rates for alcohol and tobacco products not otherwise covered by the Annexes
attached herewith.
All revenue officials
concerned are hereby directed to give this Circular as wide a publicity as
possible.
Implementing Rules and Regulations IRR on Sin Tax Law
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