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Bureau > Excise Tax - 2021 > Flashcards

Excise Tax - 2021 Flashcards

1
Q

%Excise Tax
Alcohol Products

DISTILLED SPIRITS

A

Excise Tax Due = Ad valorem tax + Specific tax

January 1, 2021
22%
+
₱47.00/proof liter

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2
Q

%Excise Tax
Alcohol Products

WINES
January 1, 2021

A 
Specific Tax (per liter)
₱53.00
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3
Q

%Excise Tax
Alcohol Products

FERMENTED LIQUORS
January 1, 2021

A 
Specific Tax (per liter)
₱37
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4
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

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5
Q

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

A

Manufactured products of tobacco

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6
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

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7
Q

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

A

Cigars

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8
Q

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

A

Smoking Tobacco

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9
Q

all treated cake, or pressed, flattened tobacco

intended for chewing only.

A

Chewing Tobacco

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10
Q

any specially prepared powdered tobacco

A

Snuff Tobacco

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11
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. ______ products include liquid solution and gels that are part of the product and are heated to generate an aerosol;

A

Heated Tobacco

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12
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

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13
Q

Partially Manufactured Tobacco – shall include the following:

A
  1. Stemmed Leaf (standard)
  2. Long Filler (standard)
  3. Short Filler (standard)
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14
Q

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

A

Stemmed Leaf (standard)

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15
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)

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16
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)

17
Q

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

A

Leaf tobacco

18
Q

Midribs of leaf tobacco

A

Stems

19
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

2021

2.40

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

20
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

2021

2.40

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

21
Q

%Excise Tax
Tobacco Products

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

A

2021

2.40

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

22
Q

%Excise Tax
Tobacco Products

Chewing & Smoking Tobacco (per kg.)

A

2021

2.05 per kg.

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

23
Q

%Excise Tax
Tobacco Products

Other Manufactured Tobacco (per kg.)

A

2021

2.41 per kg.

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

24
Q

%Excise Tax
Tobacco Products

Whole Leaf Tobacco

A

2021

Inspection Fee per kg. only

25
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

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

26
Q

%Excise Tax
Tobacco Products

VAPOR PRODUCTS

Nicotine Salt or Salt Nicotine

A

Per milliliter or a fraction thereof

₱42.00

  • pag hindi lumampas ng 1 ml, times lang agad sa no. of packs;
  • rate shall be increased by 5% every year effective January 1, 2024
27
Q

%Excise Tax
Tobacco Products

VAPOR PRODUCTS

Conventional ‘Freebase’ or ‘Classic’ Nicotine

A

Per ten (10) milliliter or a fraction thereof

₱50.00

  • pag hindi lumampas ng 10 ml, times lang agad sa no. of packs; pag lumampas, isang ₱50.00 ule
  • rate shall be increased by 5% every year effective January 1, 2024
28
Q

%Excise Tax
Tobacco Products

CIGARS

A

[Excise tax = ad valorem tax plus (+) specific tax]

Ad Valorem Tax
Rate is based on the net retail price per cigar (excluding the excise and value- added taxes)
20%
\+
Specific Tax 
₱6.83

*! PLUS Inspection fee
*rate shall be increased by
5% every year effective January 1, 2024

29
Q

%Excise Tax
Tobacco Products

CIGARETTES
Packed by hand

A

Per pack of 20s or any packaging combinations of not more than 20 packed by hands

₱50.00

30
Q

%Excise Tax
Tobacco Products

CIGARETTES
Packed by machine

A

Per pack of 20s or any packaging combinations of not more than 20 packed by hands

₱50.00

31
Q

Internal Revenue Stamp Integrated System (IRSIS) is a system used by _______

A

Imported and Locally Manufactured Cigarettes

Bureau (24 decks)

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