Alcohol Products Flashcards
Examples of Distilled Spirits
whisky, rum, gin, vodka, brandy, Spirits of Wine, ethyl alcohol, ethanol,
How to compute percentage proof?
a) %Pf = Alcohol Content % x 0.02
b) %Pf = Proof x 0.01
How to compute proof?
a) Pf = Alcohol Content % x 2
b) Pf = %Proof / 0.01
How to compute alcohol content %?
a) AC% = Proof / 2
b) AC% = %Proof / 0.02
What are the Specific and AD valorem Rates of Distilled Spirits in 2024?
Ad Valorem Tax 22%/NRP
Specific Tax P66.00/PL
How to compute proof liter?
Total Proof Liters = Total Liters x %Proof
Formula for getting the Excise Tax of Distilled Spirits?
FORMULA:
ET = AVT + SPT
(1) AVT = Total Bottles x NRP/bottle x %Proof x 0.22
(2) SPT = Total Proof Liters x P66.00
Types of wine?
a. Sparkling Wine/Champagne – bubbling table wine usually in white
but red in color (carbonated).
b. Still Wines – wines that do not bubbling and not carbonated.
Current rate of Wine
Specific Tax P63.12/l
How to get ET on Wines? Formula
ET = TOTAL LITERS x P63.12
Examples of Fermented liquor
beer, lager beer, ale, porter, draft beer
Rate of fermented liqour
Specific Tax P43.00/l
How to get ET on Fermented liquor? Formula
ET = TOTAL LITERS x P43.00
Formula of ethyl alcohol
Total ET = Total AVT + Total ST
Total AVT= Total DV x %pf x AVT rate
Total ST= Total PL x ST
Fortified Wines formula?
Same sa Distilled
