Republic Act No. 6767


PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES


REPUBLIC ACT NO. 6767 - AN ACT AMENDING SECTION 145, PARAGRAPH (B), OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED

REPUBLIC ACTS




Republic of the Philippines
Congress of the Philippines

Metro Manila

Eighth Congress


REPUBLIC ACT NO. 6767
October 30, 1989

AN ACT AMENDING SECTION 145, PARAGRAPH (B), OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1. Sec. 145, paragraph (b), of the National Internal Revenue Code, as amended, is hereby further amended by adding a new item (4) to read as follows:

"Ad Valorem

Tax Rate

"(4) Naptha when used as a raw material in the production of petrochemical products _____ 0% Provided, That naphtha processed by domestic refineries, if available as determined by the Energy Regulatory Board, shall be utilized before any naphtha may be imported for this purpose: Provided, further, That the by-product including fuel oil, diesel fuel, kerosene, pyrolysis gasoline, liquefied petroleum gases and similar oils having more or less the same generating power, which are produced in the processing of naphtha into petrochemical products shall be subject to the applicable ad valorem tax specified in paragraph (b) of this section, except when such by-products are transferred to any of the local oil refineries through sale, barter, or exchange, for the purpose of further processing or blending into finished products which are subject to ad valorem tax under the said paragraph (b) of this section." cjuris

Sec. 2. The Bureau of Internal Revenue with the approval of the Department of Finance shall promulgate rules and regulations necessary for the effective implementation of this Act.chanrobles virtualaw library

Sec. 3. This Act shall take effect after fifteen (15) days following its publication either in the Official Gazette or a newspaper of general circulation in the Philippines.

Approved: October 30, 1989






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REPUBLIC ACT NOS. 6701 - 6800                  

  • Republic Act No. 6701

  • Republic Act No. 6702

  • Republic Act No. 6703

  • Republic Act No. 6704

  • Republic Act No. 6705

  • Republic Act No. 6706

  • Republic Act No. 6707

  • Republic Act No. 6708

  • Republic Act No. 6709

  • Republic Act No. 6710

  • Republic Act No. 6711

  • Republic Act No. 6712

  • Republic Act No. 6713

  • Republic Act No. 6715

  • Republic Act No. 6714

  • Republic Act No. 6716

  • Republic Act No. 6717

  • Republic Act No. 6718

  • Republic Act No. 6719

  • Republic Act No. 6720

  • Republic Act No. 6721

  • Republic Act No. 6722

  • Republic Act No. 6723

  • Republic Act No. 6724

  • Republic Act No. 6725

  • Republic Act No. 6726

  • Republic Act No. 6727

  • Republic Act No. 6728

  • Republic Act No. 6729

  • Republic Act No. 6730

  • Republic Act No. 6731

  • Republic Act No. 6732

  • Republic Act No. 6733

  • Republic Act No. 6734

  • Republic Act No. 6735

  • Republic Act No. 6736

  • Republic Act No. 6737

  • Republic Act No. 6738

  • Republic Act No. 6739

  • Republic Act No. 6740

  • Republic Act No. 6741

  • Republic Act No. 6742

  • Republic Act No. 6743

  • Republic Act No. 6744

  • Republic Act No. 6745

  • Republic Act No. 6746

  • Republic Act No. 6747

  • Republic Act No. 6748

  • Republic Act No. 6749

  • Republic Act No. 6750

  • Republic Act No. 6751

  • Republic Act No. 6752

  • Republic Act No. 6753

  • Republic Act No. 6754

  • Republic Act No. 6755

  • Republic Act No. 6756

  • Republic Act No. 6757

  • Republic Act No. 6758

  • Republic Act No. 6759

  • Republic Act No. 6760

  • Republic Act No. 6761

  • Republic Act No. 6762

  • Republic Act No. 6763

  • Republic Act No. 6764

  • Republic Act No. 6765

  • Republic Act No. 6766

  • Republic Act No. 6767

  • Republic Act No. 6768

  • Republic Act No. 6769

  • Republic Act No. 6770

  • Republic Act No. 6771

  • Republic Act No. 6772

  • Republic Act No. 6773

  • Republic Act No. 6774

  • Republic Act No. 6775

  • Republic Act No. 6776

  • Republic Act No. 6777

  • Republic Act No. 6778

  • Republic Act No. 6779

  • Republic Act No. 6780

  • Republic Act No. 6781

  • Republic Act No. 6782

  • Republic Act No. 6783

  • Republic Act No. 6784

  • Republic Act No. 6785

  • Republic Act No. 6786

  • Republic Act No. 6787

  • Republic Act No. 6788

  • Republic Act No. 6789

  • Republic Act No. 6790

  • Republic Act No. 6791

  • Republic Act No. 6792

  • Republic Act No. 6793

  • Republic Act No. 6794

  • Republic Act No. 6795

  • Republic Act No. 6796

  • Republic Act No. 6797

  • Republic Act No. 6798

  • Republic Act No. 6799

  • Republic Act No. 6800







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