Presidential Decree No. 1672


PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES


PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY

PRESIDENTIAL DECREES





PRESIDENTIAL DECREE NO. 1672


PRESIDENTIAL DECREE NO. 1672 - INCREASING THE RATES OF SPECIFIC TAX ON PETROLEUM PRODUCTS BY FURTHER AMENDING Section 153 OF THE NATIONAL INTERNAL REVENUE CODE OF 1977, AS AMENDED




WHEREAS, the recurring increase in crude oil prices has required a re-assessment of the costs earmarked for economic development programs of the third world countries including the Philippines;

WHEREAS, in order to meet the resulting escalation in the costs of vital materials, equipment and labor for on-going and already-programmed national development projects of the country, there is an imperative need to raise additional revenues for infrastructure projects being funded to a great extent by collections of specific tax on petroleum products.

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution, do hereby order and decree the following:

Section 1.chanroblesnad Section 153 of the National Internal Revenue Code of 1977, as amended, is hereby further amended to read as follows:

"Sec. 153.chanroblesnad Specific tax on manufactured oils and other fuels. On refined and manufactured mineral oils and motor fuels, there shall be collected the following taxes which shall attach to the articles hereunder enumerated as soon as they are in existence as such:

"(a)chanroblesnad Kerosene, per liter of volume capacity, seven centavos;

"(b)chanroblesnad Lubricating oils, per liter of volume capacity, eighty centavos;

"(c)chanroblesnad Naphtha, gasoline and all other similar products of distillation, per liter of volume capacity, ninety-one centavos: Provided, That, on premium and aviation gasoline, the tax shall be one peso per liter of volume capacity;

"(d)chanroblesnad On denatured alcohol to be used for motive power, per liter of volume capacity, one centavos: Provided, That, unless otherwise provided for by special laws, if the denatured alcohol is mixed with gasoline, the specific tax on which has already been paid, only the alcohol content shall be subject to the tax herein prescribed. For the purposes of this subsection, the removal of denatured alcohol of not less than one hundred eighty degrees proof (ninety per centum absolute alcohol) shall be deemed to have been removed for motive power, unless shown to the contrary;

"(e)chanroblesnad Processed gas, per liter of volume capacity, three centavos;

"(f)chanroblesnad Thinners and solvents, per liter of volume capacity, fifty-seven centavos;

"(g)chanroblesnad Liquefied petroleum gas, per kilogram, fourteen centavos: Provided, That, liquefied petroleum gas used for motive power shall be taxes at the equivalent rate as the specific tax on diesel fuel oil;

"(h)chanroblesnad Asphalts, per kilogram, eight centavos;

"(i)chanroblesnad Greases, waxes and petrolatum, per kilogram, fifty centavos;

"(j)chanroblesnad Aviation turbo jet fuel, per liter of volume capacity, fifty-five centavos."

Sec. 2.chanroblesnad This Decree shall take effect on February 8, 1980.

Done in the City of Manila, this 7th day of February, in the Year of Our Lord, nineteen hundred and eighty.

chan robles virtual law library
Back to Main


Since 19.07.98.





chanrobles.com



ChanRobles Professional Review, Inc.

ChanRobles Professional Review, Inc. : www.chanroblesprofessionalreview.com
ChanRobles On-Line Bar Review

ChanRobles Internet Bar Review : www.chanroblesbar.com
ChanRobles CPA Review Online

ChanRobles CPALE Review Online : www.chanroblescpareviewonline.com
ChanRobles Special Lecture Series

ChanRobles Special Lecture Series - Memory Man : www.chanroblesbar.com/memoryman

PRESIDENTIAL DECREE NOS. 1658 - 1750                  

  • Presidential Decree No. 1658

  • Presidential Decree No. 1659

  • Presidential Decree No. 1660

  • Presidential Decree No. 1661

  • Presidential Decree No. 1661-A

  • Presidential Decree No. 1662

  • Presidential Decree No. 1663

  • Presidential Decree No. 1664

  • Presidential Decree No. 1664-A

  • Presidential Decree No. 1665

  • Presidential Decree No. 1666

  • Presidential Decree No. 1667

  • Presidential Decree No. 1667-A

  • Presidential Decree No. 1668

  • Presidential Decree No. 1669

  • Presidential Decree No. 1670

  • Presidential Decree No. 1671

  • Presidential Decree No. 1672

  • Presidential Decree No. 1673

  • Presidential Decree No. 1674

  • Presidential Decree No. 1675

  • Presidential Decree No. 1676

  • Presidential Decree No. 1677

  • Presidential Decree No. 1678

  • Presidential Decree No. 1679

  • Presidential Decree No. 1680

  • Presidential Decree No. 1681

  • Presidential Decree No. 1682

  • Presidential Decree No. 1683

  • Presidential Decree No. 1684

  • Presidential Decree No. 1685

  • Presidential Decree No. 1686

  • Presidential Decree No. 1687

  • Presidential Decree No. 1688

  • Presidential Decree No. 1688-A

  • Presidential Decree No. 1689

  • Presidential Decree No. 1690

  • Presidential Decree No. 1692

  • Presidential Decree No. 1691

  • Presidential Decree No. 1693

  • Presidential Decree No. 1694

  • Presidential Decree No. 1695

  • Presidential Decree No. 1696

  • Presidential Decree No. 1697

  • Presidential Decree No. 1698

  • Presidential Decree No. 1699

  • Presidential Decree No. 1700

  • Presidential Decree No. 1701

  • Presidential Decree No. 1702

  • Presidential Decree No. 1703

  • Presidential Decree No. 1704

  • Presidential Decree No. 1706

  • Presidential Decree No. 1705

  • Presidential Decree No. 1707

  • Presidential Decree No. 1708

  • Presidential Decree No. 1709

  • Presidential Decree No. 1710

  • Presidential Decree No. 1711

  • Presidential Decree No. 1712

  • Presidential Decree No. 1713

  • Presidential Decree No. 1714

  • Presidential Decree No. 1715

  • Presidential Decree No. 1716

  • Presidential Decree No. 1717

  • Presidential Decree No. 1718

  • Presidential Decree No. 1719

  • Presidential Decree No. 1720

  • Presidential Decree No. 1721

  • Presidential Decree No. 1722

  • Presidential Decree No. 1723

  • Presidential Decree No. 1724

  • Presidential Decree No. 1725

  • Presidential Decree No. 1726

  • Presidential Decree No. 1726-A

  • Presidential Decree No. 1727

  • Presidential Decree No. 1727-A

  • Presidential Decree No. 1728

  • Presidential Decree No. 1729

  • Presidential Decree No. 1730

  • Presidential Decree No. 1731

  • Presidential Decree No. 1732

  • Presidential Decree No. 1733

  • Presidential Decree No. 1734

  • Presidential Decree No. 1735

  • Presidential Decree No. 1736

  • Presidential Decree No. 1737

  • Presidential Decree No. 1737-A

  • Presidential Decree No. 1738

  • Presidential Decree No. 1739

  • Presidential Decree No. 1740

  • Presidential Decree No. 1741

  • Presidential Decree No. 1742

  • Presidential Decree No. 1743

  • Presidential Decree No. 1744

  • Presidential Decree No. 1745

  • Presidential Decree No. 1746

  • Presidential Decree No. 1747

  • Presidential Decree No. 1748

  • Presidential Decree No. 1749

  • Presidential Decree No. 1750