Escolar Documentos
Profissional Documentos
Cultura Documentos
APPLICABILITY:
Specific Tax – refers to the excise tax imposed which is based on weight or volume
capacity or any other physical unit of measurement
Ad Valorem Tax – refers to the excise tax which is based on selling price or other
specified value of the goods/articles
MANNER OF COMPUTATION:
In General:
Manufacturer
Producer
Owner or person having possession of articles removed from the place of
production without the payment of the tax
b. On Imported Articles
Importer
Owner
Person who is found in possession of articles which are exempt from
excise taxes other than those legally entitled to exemption
Others:
On Indigenous Petroleum
Local Sale, Barter or Transfer
o
o First buyer, purchaser or transferee
Exportation
o
o Owner, lessee, concessionaire or operator of the mining claim
TIME OF PAYMENT:
In General
On domestic products
o
o Before removal from the place of production
On imported products
o
o Before release from the customs' custody
EXCISE TAX RATES:
A. ALCOHOL PRODUCTS
B. TOBACCO PRODUCTS
C. PETROLEUM PRODUCTS
On minerals and mineral products sold or consigned abroad, the actual cost of ocean freight and
insurance shall be deducted from the tax base.
OVER UP TO RATE
0 P 600,000 2%
P600,000 P 1,100,000 P 12,000 + 20% in excess of P 600,000
P1,100,000 P2,100,000 P112,000+ 40% in excess of P1,100,000
P2,100,000 over P512,000 + 60% in excess of P2,100,000
F. NON-ESSENTIAL GOODS
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