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Implementing Rules and Regulations IRR on the Sin Tax law REVENUE REGULATIONS NO. 17-2012 Part 4



Implementing Rules and Regulations IRR on the Sin Tax law REVENUE REGULATIONS NO. 17-2012 Part 4
SEC. 5. DOWNWARD RECLASSIFICATION OF FERMENTED LIQUORS.
- Any downward reclassification of any fermented liquor product that is duly registered with the BIR at the time of effectivity of the Act which will reduce the tax imposed herein, or the payment thereof, shall be prohibited. Starting January 1, 2014, the applicable tax rate shall be increase by four percent (4%) annually: Provided, however, it shall not be lower than the rates prescribed under Section 3 of these Regulations.






Implementing Rules and Regulations IRR on the Sin Tax law REVENUE REGULATIONS NO. 17-2012 Part 4

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