EXECUTIVE ORDER NO. 672
EXECUTIVE ORDER NO. 672 - REVISING
THE RATES OF SPECIFIC TAX ON CERTAIN PETROLEUM PRODUCTS
WHEREAS, the government has not
imposed any additional specific tax on petroleum products when the last
price increases were authorized on August 3, 1980;
WHEREAS, the latest round of increases in crude oil prices implemented
by the oil-producing countries has inevitably escalated the cost of
vital materials and equipment indispensable for the country’s
infrastructure projects;
WHEREAS, on-going development projects of government and the cost of
expanding public services require more funds, a considerable portion of
which are to be funded from specific taxes collected on petroleum
products;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers in me vested by the Constitution and by Sec. 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 certain
petroleum products are hereby revised, hereby amending for this purpose
Section s 153, 155 and 156 of the National Internal Revenue Code to read
as follows:
“SECTION
153. 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 existence as such:
“(a)
Kerosene,
per liter of volume capacity, nine centavos;
“(b)
Lubricating oils, per liter of volume capacity. eighty centavos;
“(c) Naphtha,
gasoline and all other similar products of distillations, per liter of
volume capacity, one peso and six centavos: Provided, That on premium
and aviation gasoline the tax shall be one peso and ten centavos and
one peso, respectively, per liter of volume capacity;
“(d) On
denatured alcohol to be used for motive power, per liter of volume
capacity, one centavo: 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 purpose 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) Processed
gas, per liter of volume capacity, three centavos;
“(f) Thinners
and solvents, per liter of volume capacity, sixty-one centavos;
“(g) Liquefied
petroleum gas, per kilogram, twenty-one centavos: Provided, That
liquified petroleum gas used for motive power shall be taxed at the
equivalent rate as the specific tax on diesel fuel oil;
“(h) Asphalts,
per kilogram, twelve centavos;
“(i) Greases,
waxes and petroleum, per kilogram, fifty centavos;
“(j) Aviation
turbo-jet fuel, per liter of volume capacity, sixty-four centavos.”
“SECTION 155.
Specific tax on bunker fuel oil. — On fuel oil, commercially known as
bunker oil, and on all similar fuel oils, having more or less the same
generating power, there shall be collected, per liter of volume
capacity, five centavos, which tax shall attach to this fuel oil as
soon as it is in existence as such.”
“SECTION 156.
Specific tax on diesel fuel oil. — On fuel oil, commercially
known as diesel fuel oil, and all similar fuel oils, having more or
less the same generating power, per liter of volume capacity,
twenty-five and one-half centavos, which tax shall attach to this fuel
oil as soon as it is in existence as such.”
Sec. 2. This Executive Order shall take effect
immediately.
Done in the City of Manila,
this 21st day of March, in the year of Our Lord, nineteen hundred and
eighty-one.
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