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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