Adding a New Specific Tax Bracket
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Adding a New Specific Tax Bracket
Executive Order No. 1018
April 11, 1985
Case Overview and Summary
Summary of Executive Order No. 1018Objective:
- To encourage maximum utilization of local virginia tobacco by cigarette manufacturers through the introduction of an intermediate specific tax bracket between the existing tax brackets for the highest priced native cigarettes and the lowest priced local virginia cigarettes.
Provisions:
- Amends Section 149(b) of the National Internal Revenue Code of 1977 to introduce new specific tax brackets for cigarettes based on retail price and pack size.
Tax Brackets for Cigarettes Packed in Thirties:
- Retail price not exceeding ₱2.00 per pack: ₱3.50 per thousand (Sec. 1(b)(1))
- Retail price exceeding ₱2.00 but not exceeding ₱2.40 per pack: ₱6.00 per thousand (Sec. 1(b)(2))
- Retail price exceeding ₱2.40 per pack: ₱9.00 per thousand (Sec. 1(b)(3))
Tax Brackets for Cigarettes Packed in Twenties:
- Retail price not exceeding ₱3.50 per pack: ₱12.00 per thousand (Sec. 1(b)(4))
- Retail price exceeding ₱3.50 but not exceeding ₱4.50 per pack: ₱25.00 per thousand (Sec. 1(b)(5))
- Retail price exceeding ₱4.50 but not exceeding ₱5.60 per pack: ₱35.00 per thousand (Sec. 1(b)(6))
- Retail price exceeding ₱5.60 but not exceeding ₱6.80 per pack: ₱40.00 per thousand (Sec. 1(b)(7))
- Retail price exceeding ₱6.80 but not exceeding ₱7.50 per pack: ₱57.50 per thousand (Sec. 1(b)(8))
- Retail price exceeding ₱7.50 but not exceeding ₱8.00 per pack: ₱80.00 per thousand (Sec. 1(b)(9))
- Retail price exceeding ₱8.00 but not exceeding ₱9.00 per pack: ₱114.00 per thousand (Sec. 1(b)(10))
- Retail price exceeding ₱9.00 per pack: ₱151.00 per thousand (Sec. 1(b)(11))
- For cigarettes of foreign manufacture, regardless of retail price or pack contents: ₱151.00 per thousand (Sec. 1(b)(12))
Other Provisions:
- The Minister of Finance, upon recommendation of the Commissioner of Internal Revenue, shall promulgate necessary rules and regulations to effectively implement the provisions of this order (Sec. 2).
- All laws, rules, and regulations inconsistent with this order are hereby repealed or amended accordingly (Sec. 3).
- This Order shall take effect immediately (Sec. 4).
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Executive Issuances
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cigarette tax
specific tax bracket
local virginia tobacco
native cigarettes
retail price
pack size
tax rates
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Adding a New Specific Tax Bracket
Executive Order No. 1018
•April 11, 1985
EXECUTIVE ORDER NO. 1018 April 11, 1985
ADDING A NEW SPECIFIC TAX BRACKET
WHEREAS, there is a need to encourage the maximum utilization of local virginia tobacco by cigarette manufacturers thru the introduction of an intermediate specific tax bracket between the existing tax brackets for the highest priced native cigarettes and the lowest priced local virginia cigarettes;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic Philippines, pursuant to the powers vested in me by law and under Section 290-B of the National Internal Revenue Code of 1977, as amended, do hereby direct and order that:
Sec. 1. Sub-paragraph (b), Section 149 of the National Internal Revenue Code, as amended, is hereby further amended to read as follows:
"(b) Cigarettes
"(1) On the cigarettes packed in thirties, the retail price of which per pack does not exceed two pesos, on each thousand, three pesos and fifty centavos;
"(2) On cigarettes packed in thirties, the retail price of which per pack exceeds two pesos but does not exceed two pesos and forty centavos, on each...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
cigarette tax
specific tax bracket
local virginia tobacco
native cigarettes
retail price
pack size
tax rates
foreign cigarettes
rules and regulations
implementation
effective date
EXECUTIVE ORDER NO. 1018 April 11, 1985
ADDING A NEW SPECIFIC TAX BRACKET
WHEREAS, there is a need to encourage the maximum utilization of local virginia tobacco by cigarette manufacturers thru the introduction of an intermediate specific tax bracket between the existing tax brackets for the highest priced native cigarettes and the lowest priced local virginia cigarettes;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic Philippines, pursuant to the powers vested in me by law and under Section 290-B of the National Internal Revenue Code of 1977, as amended, do hereby direct and order that:
Sec. 1. Sub-paragraph (b), Section 149 of the National Internal Revenue Code, as amended, is hereby further amended to read as follows:
"(b) Cigarettes
"(1) On the cigarettes packed in thirties, the retail price of which per pack does not exceed two pesos, on each thousand, three pesos and fifty centavos;
"(2) On cigarettes packed in thirties, the retail price of which per pack exceeds two pesos but does not exceed two pesos and forty centavos, on each...
Login to see full content