Amends
n/a
Amended by
n/a
Executive Orders

Revising the Percentage Tax Rate on Locally Produced Crude Oil

Executive Order No. 996

EXECUTIVE ORDER NO. 996 November 13, 1984

Subject Matter : Revising the Percentage Tax Rate on Locally Produced Crude Oil.

Date Of Effectivity : November 13, 1984


Summary of Executive Order No. 996

Revising the Percentage Tax Rate on Locally Produced Crude Oil

- The percentage tax rate on locally produced crude oil is revised as follows:
- For the first 10,000 barrels or less per month, the tax rate is 0%.

- For the next 30,000 barrels per month, the tax rate is 10%.

- For the next 60,000 barrels per month, the tax rate is 15%.

- For the next 100,000 barrels per month, the tax rate is 20%.

- For any amount in excess of 200,000 barrels per month, the tax rate is 25%.


- The tax rates specified in this Executive Order shall apply to all locally produced crude oil, regardless of the location of production within the Philippines.


- All other laws, orders, issuances, rules and regulations or parts thereof inconsistent with this Executive Order are hereby repealed or modified accordingly.


- This Executive Order shall take effect immediately.

AIC Grande Tower Garnet Road
Ortigas Center, Pasig City
Metro Manila Philippines

Mobile No. +639451244898
digestph@gmail.com
Please read our FAQ before contacting us.