EXECUTIVE ORDER NO. 957
EXECUTIVE ORDER NO. 957 - AMENDING
SECTIONS 153, 155 AND 156 OF TITLE IV (SPECIFIC TAXES) OF THE NATIONAL
INTERNAL REVENUE CODE OF 1977, AS AMENDED
WHEREAS, with the recent currency
realignment, it is imperative that stringent measures be adopted to
conserve oil and avoid wasteful consumption thereof;
WHEREAS, the restructuring of oil prices as well as the revision of the
specific tax components thereof is an effective measure of conservation;
WHEREAS, a revision of specific tax rates will mean not only a
reduction in oil consumption but will also mean savings in foreign
exchange that could be utilized for the importation of essential
commodities;
NOW, THEREFOR, I, FERDINAND E. MARCOS, President of the Republic of the
Philippines, by virtue of the powers vested in me by the Constitution
and by Sec. 290-B of the National Internal Revenue Code of 1977, as
amended, do hereby direct and order that:
Section 1. Section 153, 155 and 156 of the National
Internal Revenue Code as amended are hereby further amended to read as
follows:
“SEC.
153. Specific tax on manufactured oil and other
fuels. — On refined and manufactured mineral oil 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)
Kerosene, per liter of volume capacity, thirty seven and three-fourth
centavos;
(b)
Lubricating oils, per liter of volume capacity, one peso and fifty
centavos;
(c) Naphtha,
regular gasoline and all other similar products of distillation, per
liter of volume capacity, one peso and seventy four and one-fourth
centavos; Provided, That on premium and aviation gasoline, the tax
shall be one peso and sixty-two and one-fourth centavos, 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 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) Processed
gas, per liter of volume capacity, four and one-half centavos;
(f) Thinners
and solvents, per liter of volume capacity, one peso and two and
one-half centavos;
(g) Liquefied
petroleum gas, per kilogram ninety seven and one-half centavos:
Provided, That liquefied petroleum gas used for motive power shall be
taxed on diesel fuel oil;
(h) Asphalts,
per kilograms fifty three centavos;
(i) Greases,
waxes and petrolatum, per kilogram, eighty centavos; and
(j) Aviation
turbo jet fuel, per liter of volume capacity, one peso and thirty-seven
centavos.”
“SEC.
155. Specific tax on bunker fuel oil. — On fuel oil,
commercially known as bunker fuel oil, and on all similar fuel oils,
having more or less the same generating power, there shall be
collected, per liter of volume capacity, thirty seven and one-half
centavos, which tax shall attached to this fuel oil as soon as it is in
existence as such.”
“SEC. 156.
Specific tax on diesel fuel oil. — On fuel oil, commercially known as
diesel fuel oil, and on all similar fuel oils, having more ore less the
same generating power, per liter of volume capacity, sixty-five and
one-half centavos which tax shall attached to this fuel oil as soon as
it is in existence as such.”
Sec. 2. This Executive Order shall take effect on
June 7, 1984.
Done in the City of Manila,
this 6th day of June, in the Year of Our Lord, Nineteen Hundred and
Eighty-Four.
chanrobles virtual law library
Back to Main
chan
robles virtual law library
Since 19.07.98.