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Bureau > Excise Tax > Flashcards

Excise Tax Flashcards

1
Q

%Excise Tax
Alcohol Products

DISTILLED SPIRITS

A

Excise Tax Due = Ad valorem tax + Specific tax

January 1, 2020	20%	₱24.34/proof liter
January 23, 2020	22%	₱42.00/proof liter
January 1, 2021	22%	₱47.00/proof liter
January 1, 2022	22%	₱52.00/proof liter
January 1, 2023	22%	₱59.00/proof liter
January 1, 2024	22%	₱66.00/proof liter
2025 Onwards	
22%	specific tax rate shall be increased by 6% and every
year thereafter
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2
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2020

Sparkling wines/champagnes where the NRP
(excluding the excise and VAT) per bottle of 750 ml
volume capacity, regardless of proof is:

Php 500 or less

A 
Specific Tax (per liter)
₱328.98
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3
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2020

Sparkling wines/champagnes where the NRP
(excluding the excise and VAT) per bottle of 750 ml
volume capacity, regardless of proof is:

More than Php 500

A 
Specific Tax (per liter)
₱921.15
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4
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2020

Still wines and carbonated wines containing 14% of alcohol by volume or less

A 
Specific Tax (per liter)
₱39.48
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5
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2020

Still wines and carbonated wines containing more than 14% of alcohol by volume but not more than 25% of alcohol by volume

A 
Specific Tax (per liter)
₱78.96
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6
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2020

Fortified wines containing more than 25% of alcohol by volume

A 
Specific Tax (per liter)
Taxed as distilled spirits
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7
Q

%Excise Tax
Alcohol Products

WINES
January 23, 2020

A 
Specific Tax (per liter)
₱50.00
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8
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2021

A 
Specific Tax (per liter)
₱53.00
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9
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2022

A 
Specific Tax (per liter)
₱56.18
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10
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2023

A 
Specific Tax (per liter)
₱59.55
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11
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2024

A 
Specific Tax (per liter)
₱63.12
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12
Q

%Excise Tax
Alcohol Products

WINES
2025 onwards

A

Specific Tax (per liter)
specific tax rate shall be increased by
6% and every year thereafter

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13
Q

%Excise Tax
Alcohol Products

FERMENTED LIQUORS
January 1, 2020

A 
Specific Tax (per liter)
₱26.43
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14
Q

%Excise Tax
Alcohol Products

FERMENTED LIQUORS
January 23, 2020

A 
Specific Tax (per liter)
₱35.00
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15
Q

%Excise Tax
Alcohol Products

FERMENTED LIQUORS
January 1, 2021

A 
Specific Tax (per liter)
₱37
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16
Q

%Excise Tax
Alcohol Products

FERMENTED LIQUORS
January 1, 2022

A 
Specific Tax (per liter)
₱39
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17
Q

%Excise Tax
Alcohol Products

FERMENTED LIQUORS
January 1, 2023

A 
Specific Tax (per liter)
₱41
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18
Q

%Excise Tax
Alcohol Products

FERMENTED LIQUORS
January 1, 2024

A 
Specific Tax (per liter)
₱43
19
Q

%Excise Tax
Alcohol Products

FERMENTED LIQUORS
2025 onwards

A

specific tax rate shall be increased by 6% and

every year thereafter

20
Q

products entirely or partly made of leaf tobacco as raw material that are manufactured to be used for smoking, sucking, chewing or snuffing, or by any other means of consumption

A

Tobacco Products

21
Q

include cigars, cigarettes, smoking tobacco, chewing tobacco, snuff, and all other forms of manufactured products of tobacco.

A

Manufactured products of tobacco

22
Q

all rolls of finely-cut leaf tobacco, or any substitute therefor, wrapped in paper or in any other material that are consumed via combustion of the tobacco

A

Cigarettes

23
Q

all rolls of tobacco or any substitute therefore, wrapped in tobacco leaf that are consumed via combustion of the tobacco.

A

Cigars

24
Q

any fine or rough-cut tobacco not rolled or wrapped, and ready for smoking

A

Smoking Tobacco

25
Q

all treated cake, or pressed, flattened tobacco

intended for chewing only.

A

Chewing Tobacco

26
Q

any specially prepared powdered tobacco

A

Snuff Tobacco

27
Q

tobacco products that may be consumed through heating
tobacco, either electrically or through other means sufficiently to release an aerosol that can be inhaled, without burning or any combustion of the tobacco. Heated tobacco products include liquid solution and gels that are part of the product and are heated to generate an aerosol;

A

Heated Tobacco

28
Q

mean Electronic Nicotine and Non-Nicotine Delivery Systems (ENDS/ENNDS), which are combinations of (i) a liquid solution or gel, that transforms into an aerosol without combustion through the employment of a mechanical or electronic heating element, battery or circuit that can be used to heat such solution or gel, and includes, but is not limited to (ii) a cartridge, (iii) a tank, and (iv) the device without a cartridge or tank. It is commonly known as nicotine salt/salt nicotine, and conventional ‘freebase’ or ‘classic’ nicotine, and other similar products. All vapor products shall be covered regardless of its nicotine content.

A

Vapor Products

29
Q

Partially Manufactured Tobacco – shall include the following:

A
  1. Stemmed Leaf (standard)

2. Long Filler (standard) 3. Short Filler (standard)

30
Q

hand stripped tobacco of clean, good, unbroken leaf only, free from mold and dust.

A

Stemmed Leaf (standard)

31
Q

hand stripped tobacco or good long pieces of broken leaf usable as filler for cigars without further preparation, and free from mold, dust, stems and cigars cuttings.

A

Long Filler (standard)

32
Q

hand stripped or machine stripped tobacco, clean good, short pieces of broken leaf which will not pass through a screen of two (2”) inches mesh.

A

Short Filler (standard)

33
Q

a whole leaf of tobacco or leaf tobacco in its complete form.

A

Leaf tobacco

34
Q

Midribs of leaf tobacco

A

Stems

35
Q

%Excise Tax
Tobacco Products

Tobacco	twisted	by	hand	or
reduced into a condition to be
consumed in  any  manner  other
than the ordinary mode of drying
and curing
A

2020 2.30

2021 2.40

2024 Effective 1/1/2024,
the tax rate shall be increased by 4% every year thereafter

36
Q

%Excise Tax
Tobacco Products

Tobacco prepared or partially
prepared with or without the use
of any machine or instrument or
without	being	pressed	or
sweetened
A

2020 2.30

2021 2.40

2024 Effective 1/1/2024,
the tax rate shall be increased by 4% every year thereafter

37
Q

%Excise Tax
Tobacco Products

Fine-cut shorts and refuse, scraps, clippings, cuttings, stems, midribs and sweepings of tobacco

A

2020 2.30

2021 2.40

2024 Effective 1/1/2024,
the tax rate shall be increased by 4% every year thereafter

38
Q

%Excise Tax
Tobacco Products

HEATED TOBACCO PRODUCTS
January 1, 2020

A

Specific Tax (per pack of 20 units or any packaging combinations of not more than (20) units)

₱10.00

39
Q

%Excise Tax
Tobacco Products

HEATED TOBACCO PRODUCTS
January 23, 2020

A

Specific Tax (per pack of 20 units or any packaging combinations of not more than (20) units)

₱25.00

40
Q

%Excise Tax
Tobacco Products

HEATED TOBACCO PRODUCTS
January 1, 2021

A

Specific Tax (per pack of 20 units or any packaging combinations of not more than (20) units)

₱27.50

41
Q

%Excise Tax
Tobacco Products

HEATED TOBACCO PRODUCTS
January 1, 2022

A

Specific Tax (per pack of 20 units or any packaging combinations of not more than (20) units)

₱30.00

42
Q

%Excise Tax
Tobacco Products

HEATED TOBACCO PRODUCTS
January 1, 2023

A

Specific Tax (per pack of 20 units or any packaging combinations of not more than (20) units)

₱32.50

43
Q

%Excise Tax
Tobacco Products

HEATED TOBACCO PRODUCTS
2024 Onwards

A

specific tax rate shall be increased by 5% every year effective
January 1, 2024

Bureau (24 decks)

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