EXECUTIVE ORDER NO. 674-A, March 31, 1981
REVISING THE RATES OF SPECIFIC TAX ON LOCALLY-PRODUCED DISTILLED SPIRITS, WINES, COMPOUNDED LIQUORS AND FERMENTED LIQUORS
specific taxes on liquor products as provided under Sections 145, 146 and 147
of the National Internal Revenue Code have been increased;
WHEREAS, this increase in specific taxes affect at
this time sales volume of locally-produced distilled spirits, wines, compounded
liquors and fermented liquors;
WHEREAS, it would be essential to maintain the
present sales volume of these commodities to prevent unemployment and to assist
the liquor industry;
WHEREAS, to cushion the economic impact of the
increased tax rates it is imperative that the existing tax rates be revised.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President
of the Philippines, by virtue of the powers vested in me by the Constitution
and by Section 290-B of the National Internal Revenue Code of 1977, as amended
by Presidential Decree No. 1773, do hereby order as follows:
SECTION 1. The rates of specific tax on
locally-produced distilled spirits, wines and compounded liquors, and fermented
liquors prescribed under Section 145 (a); 146 (b) to (h); and 147,
respectively, of the National Internal Revenue Code are hereby revised
effective on the dates hereunder indicated, to wit:
|
Rate of |
Effective |
|
|
Sec.145(a) |
||
|
Domestic |
= |
April |
|
= |
October |
|
|
= |
April |
|
|
Local |
= |
April |
|
= 1.36 |
October |
|
|
= |
April |
|
|
Sec.146(b) |
||
|
– Domestic |
= |
April |
|
= |
October |
|
|
= |
April |
|
|
Imported |
= P3.30 |
April |
|
= 3.85 |
October |
|
|
= 4.40 |
April |
|
|
(c) |
||
|
Domestic |
= P3.00 |
April |
|
= P3.50 |
October |
|
|
= 4.00 |
April |
|
|
Imported |
= P6.60 |
April |
|
= 7.70 |
October |
|
|
= 8.80 |
April |
Imitation wines containing more than 25% of alcohol
shall be taxed as distilled spirits at the new rates effective on the dates
prescribed under this Executive Order.
|
(d) |
||
|
Compounded |
= P0.72 |
April |
|
= 0.84 |
October |
|
|
= 0.96 |
April |
|
|
(e) |
||
|
Compounded |
= P1.00 |
April |
|
= 1.17 |
October |
|
|
= 1.34 |
April |
|
|
(f) |
||
|
Compounded |
= P |
April |
|
= 1.50 |
October |
|
|
= 1.72 |
April |
|
|
(g) |
||
|
Compounded |
= P1.57 |
April |
|
= 1.83 |
October |
|
|
= 2 10 |
April |
|
|
(h) |
||
|
Compounded |
= P1.99 |
April |
|
= |
October |
|
|
= 2.66 |
April |
In computing the specific tax on compounded liquors
at effective above rates on the dates above shown, the amount of specific tax
paid on distilled spirits used in the compounding of such intoxicating beverage
shall be credited against the tax due on the compounded liquors.
–
|
Beer, |
= P0.90 |
April |
|
= 1.05 |
October |
|
|
= 1.20 |
April |
If the fermented liquor is imported, the tax shall
be increased by 100 per centum, hence, the tax shall be as follows:
|
Rate of |
Effective |
|
|
= |
P 1.80 |
April |
|
= |
2.10 |
October |
|
= |
2.40 |
April |
SEC. 2. The revised rates of specific tax shall
take effect on the terms provided for under this Executive Order.
Done in the City of Manila, this 31st day of March,
in the year of Our Lord, nineteen hundred and eighty-one.
President of the Philippines
By the President:
(SGD.) JOAQUIN T. VENUS, JR.
Deputy Presidential Executive Assistant
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