EXCISE TAX Flashcards
Lubricating oils and greases, basestock, high vacuum distilates, aromatic extracts, additives, and other similar prep. (per Kg)
10.00
Processed gas (per Liter)
10.00
Waxes and petrolatum, mineral oil (per Kg)
10.00
Denatured alcohol to be used for rnotive power (per Liter)
10.00
Asphalts (per Kg)
10.00
Naptha, regular gasoline, pyrolisis gasoline and other similar products of distillation (per Liter)
10.00
Unleaded premium gasoline (per Liter)
10.00
Kerosene (per Liter)
5.00
Aviation turbo jet fuel, aviation gas (per Liter)
4.00
Kerosene, when used as aviation fuel (per Liter)
4.00
Diesel fuel oil, and on similar fuel oils having more or less the same generating power (per Liter)
6.00
Liquefied petroleum gas used for motive power (per Kg)
6.00
Bunker fuel oil (IFO) and similar generating power (feedstock) (per Liter)
6.00
Petroleum coke (per MT)
6.00
Liquefied petroleum gas (per Kg)
3.00
Naptha and pyrolysis gasoline (per Liter)
0.00
Liquefied petroleum gas as raw material of petrochemical (per Kg)
0.00
Petroleum coke as feedstock (per MT)
0.00
Automobile up to P600,000
4%
Automobile over P600,000 to P1,000,000
10%
Automobile over P1,000,000 to P4,000,000
20%
Automobile over P4,000,000
50%
Hybrid
50% of applicable excise tax rate
Purely electric and Pick-ups
EXEMPT
Non-essential goods - JEWELRIES
20% based on the wholesale price or the value of importation used by the Bureau of Customs in determining Tariff and Customs Duties, net of Excise and Value-Added Taxes
Non-essential goods - PERFUMES AND TOILET WATERS
20% based on the wholesale price or the value of importation used by the Bureau of Customs in determining Tariff and Customs Duties, net of Excise and Value-Added Taxes
Non-essential goods - YACHTS AND OTHER VESSELS INTENDED FOR PLEASURE
20% based on the wholesale price or the value of importation used by the Bureau of Customs in determining Tariff and Customs Duties, net of Excise and Value-Added Taxes
Invasive cosmetic procedures
5% tax is based on Gross Receipts from performance of services
Sweetened beverages (per Liter of Volume capacity) - Purely caloric sweeteners and purely non-caloric sweeteners or mix of caloric and non-caloric sweeteners
6.00
Sweetened beverages (per Liter of Volume capacity) - Purely High Fructose Corn Syrup (HFCS) or in combination with any caloric and non-caloric sweetener
12.00
Sweetened beverages (per Liter of Volume capacity) - Purely coconut sap sugar and purely steviol glycosides
EXEMPT
Mineral Products - DOmestic and imported coal and coke
PHP 150.00 per metric ton
Mineral Products - Non-Metallic Minerals and Quarry Resources (locally extracted or produced)
4% based on the actual market value of the gross output thereof at the time of removal
Mineral Products - Non-Metallic Minerals and Quarry Resources (Imported)
4% based on the value used by the Bureau of Customs (BoC) in determining tariff and customs duties, net of excise tax and VAT
Mineral Products - Non-Metallic Minerals and Quarry Resources (Locally extracted natural gas and liquefied natural gas)
EXEMPT
Metallic Minerals (locally extracted or produced copper, gold, chromite and other metallic minerals)
4% based on the actual market value of the gross output thereof at the time of removal
Metallic Minerals (Imported copper, gold. chromite and other metallic minerals)
4% based on the value used by the Bureau of Customs (BoC) in determining tariff and customs duties, net of excise tax and VAT
Indigenous Petroleum
6% of the fair international market price thereof, on the first sale, barter, exchange, or such similar transaction, such tax to be paid by the buyer or purchaser before removal from the place of production
