Excise Tax (Mineral Products) - 2021 [Sec. 151]

Question 1

%Excise Tax
Minerals, Mineral Products and Quarry Resources

Domestic & Imported Coal and Coke

Answer 1

P 150.00/MT

Metric ton

Question 2

%Excise Tax
Minerals, Mineral Products and Quarry Resources

All non-metallic minerals and quarry resources
- Locally extracted or produced

Answer 2

4 % of Actual Market Value

of Gross Output Value used by BOC

Question 3

%Excise Tax
Minerals, Mineral Products and Quarry Resources

All non-metallic minerals and quarry resources
- Imported

Answer 3

4 % of Actual Market Value

of Gross Output Value used by BOC

Question 4

%Excise Tax
Minerals, Mineral Products and Quarry Resources

All non-metallic minerals and quarry resources
- Locally extracted natural
gas and liquefied natural gas

Answer 4

EXEMPT

Question 5

%Excise Tax
Minerals, Mineral Products and Quarry Resources

All Metallic Minerals
- Locally extracted or produced copper, gold, chromite and other metallic minerals

Answer 5

4 % of Actual Market Value

of Gross Output Value used by BOC

Question 6

%Excise Tax
Minerals, Mineral Products and Quarry Resources

All Metallic Minerals
- Imported copper, gold, chromite
and other mineral materials

Answer 6

4 % of Actual Market Value

of Gross Output Value used by BOC

Question 7

%Excise Tax
Minerals, Mineral Products and Quarry Resources

Mineral concentrates

Answer 7

4 % of World Price Quotation

Question 8

%Excise Tax
Minerals, Mineral Products and Quarry Resources

Indigenous petroleum

Answer 8

6 % of Fair International Market Price