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TAX RATES > EXCISE TAX > Flashcards

EXCISE TAX Flashcards

1
Q

Lubricating oils & greases, basestock, high vacuum distilates,
aromatic extracts, additives & other similar prep. (per Kg)

A

10

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2
Q

Processed gas (per Liter)

A

10

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3
Q

Waxes and petrolatum, mineral oil (per Kg)

A

10

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4
Q

Denatured alcohol to be used for rnotive power (per Liter)

A

10

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5
Q

Asphalts (per Kg)

A

10

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6
Q

Naphtha, regular gasoline, pyrolisis gasoline and other sirnilar
products of distillation (per Liter)

A

10

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7
Q

Unleaded premium gasoline (per Liter)

A

10

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8
Q

Kerosene (per Liter)

A

5

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9
Q

Aviation turbo jet fuel, aviation gas (per Liter)

A

4

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10
Q

Kerosene, when used as aviation fuel (per Liter)

A

4

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11
Q

Diesel fuel oil, and on similar fuel oils having more or less the same generating power (per Liter)

A

6

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12
Q

Liquefied petroleum gas used for motive power (per Kg)

A

6

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13
Q

Bunker fuel oil (IFO) & similar generating Power (feedstock)
(per Liter)

A

6

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14
Q

Petroleum coke (per MT)

A

6

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15
Q

Liquefied petroleum gas (per Kg)

A

3

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16
Q

Naphtha and pyrolysis gasoline (per Liter)

A

0

17
Q

Liquefied petroleum gas as raw material of petrochemical (per
Kg)

A

0

18
Q

Petroleum coke as feedstock (per MT)

A

0

19
Q

AUTOMOBILE
Up to P600,000

A

4%

20
Q

AUTOMOBILE
Over P600,000 to P1,000,000

A

10%

21
Q

AUTOMOBILE
Over P1,000,000 to P4,000,000

A

20%

22
Q

AUTOMOBILE
Over P4,000,000

A

50%

23
Q

AUTOMOBILE
Hybrid

A

Fifty percent (50%) of applicable excise tax rate

24
Q

AUTOMOBILE
Purely Electric and Pick-ups

A

Exempt

25
Q

Jewelries

A

Twenty percent (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

26
Q

Perfumes and toilet waters

A

Twenty percent (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

27
Q

Yachts & other
vessels intended for
pleasure

A

Twenty percent (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

28
Q

Invasive Cosmetic
Procedures

A

Five (5%) Tax is based on Gross Receipts from performance of
services

29
Q

Purely caloric sweeteners & purely non-caloric
sweeteners or mix of caloric and non-caloric sweeteners

A

6

30
Q

Purely High Fructose Corn Syrup (HFCS) or in
combination with any caloric and non-caloric sweetener

A

12

31
Q

Purely coconut sap sugar and purely steviol glycosides

A

exempt

32
Q

Domestic and Imported Coal
and Coke

A

150 per metric ton

33
Q

Non-Metallic Minerals and
Quarry Resources

A

2% based on the actual market value of the annual gross output

34
Q

Locally extracted or
produced

A

4% based on the actual market value of the gross output thereof at the time of
removal

35
Q

Imported

A

4% based on the value used by the Bureau of Customs (BOC) in determining tariff
and customs duties, net of excise tax and VAT

36
Q

Locally extracted natural gas
and liquefied natural gas

A

exempt

37
Q

Metallic Minerals

A

4% based on the actual market value of the gross output thereof at the time of removal

38
Q

Imported copper, gold,
chromite and other metallic
minerals)

A

4% based on the value used by the Bureau of Customs (BOC) in determining tariff
and customs duties, net of excise tax and VAT

39
Q

Indigenous Petroleum

A

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

TAX RATES (4 decks)

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