EXECUTIVE ORDER NO. 1018
EXECUTIVE ORDER NO. 1018 - ADDING A
NEW SPECIFIC TAX BRACKET
WHEREAS, there is a need to encourage the
maximum utilization of local virginia tobacco by cigarette
manufacturers thru the introduction of an intermediate specific tax
bracket between the existing tax brackets for the highest priced native
cigarettes and the lowest priced local virginia cigarettes;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic
Philippines, pursuant to the powers vested in me by law and under
Sec. 290-B of the National Internal Revenue Code of 1977, as
amended, do hereby direct and order that:
Section 1. Sub-paragraph (b), Section 149 of the
National Internal Revenue Code, as amended, is hereby further amended
to read as follows:
“(b)
Cigarettes —
“(1)
On the cigarettes packed in thirties, the retail price of which per
pack does not exceed two pesos, on each thousand, three pesos and fifty
centavos;
“(2) On
cigarettes packed in thirties, the retail price of which per pack
exceeds two pesos but does not exceed two pesos and forty centavos, on
each thousand, six pesos;
“(3) On
cigarettes packed in thirties, the retail price of which per pack
exceeds two pesos and forty centavos, on each thousand, line pesos;
“(4) On
cigarettes packed in twenties, the retail price of which per pack does
not exceed three pesos and fifty centavos, on each thousand, twelve
pesos;
“(5) On
cigarettes packed in twenties, the retail price of which per pack
exceeds three pesos and fifty centavos, but does not exceed four pesos
and fifty centavos, on each thousand, twenty-five pesos;
“(6) On
cigarettes packed in twenties, the retail price of which exceeds four
pesos and fifty centavos, but does not exceed five pesos and sixty
centavos, on each thousand, thirty five pesos;
“(7) On
cigarettes packed in twenties, the retail price of which exceeds five
pesos and sixty centavos, but does not exceed six pesos and eighty
centavos, on each thousand, forty pesos;
“(8) On
cigarettes packed in twenties, the retail price of which exceeds six
pesos and eighty centavos, but does not exceed seven pesos and fifty
centavos, on each thousand, fifty seven pesos and fifty centavos;
“(9) On
cigarettes packed in twenties, the retail price of which exceeds seven
pesos and fifty centavos, but does not exceed eight pesos, on each
thousand, eighty pesos;
“(10) On
cigarettes packed in twenties, the retail price of which exceeds eight
pesos, but does not exceed nine pesos on each thousand, one hundred
fourteen pesos;
“(11) On
cigarettes packed in twenties, the retail price of which exceeds nine
pesos, on each thousand, one hundred fifty-one pesos;
“(12) If the
cigarettes are of foreign manufacture regardless of the retail price or
contents per pack, on each thousand, one hundred fifty-one pesos;
Sec. 2. The Minister of Finance, upon
recommendation of the Commissioner of Internal Revenue, shall
promulgate necessary rules and regulations to effectively implement the
provisions of this order.
Sec. 3. All laws, rules and regulations
inconsistent herewith are hereby repealed or amended accordingly.
Sec. 4. This Order shall take effect immediately.
DONE in the City of Manila,
this 11th day of April, in the Year of Our Lord Nineteen Hundred and
Eighty-Five.
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