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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
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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; chanroblesvirtualawlibrary
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:cralaw:red
Section 1. Section 153 of the National Internal
Revenue Code of 1977, as amended, is hereby further amended to read as
follows:cralaw:red
"Sec. 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 in existence
as such:cralaw:red
"(a) Kerosene, per liter of volume capacity, seven
centavos;chanroblesvirtualawlibrary
"(b) Lubricating oils, per liter of volume capacity,
eighty centavos;chanroblesvirtualawlibrary
"(c) 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; chanroblesvirtualawlibrary
"(d) 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;chanroblesvirtualawlibrary
"(e) Processed gas, per liter of volume capacity,
three centavos;chanroblesvirtualawlibrary
"(f) Thinners and solvents, per liter of volume
capacity, fifty-seven centavos;chanroblesvirtualawlibrary
"(g) 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;chanroblesvirtualawlibrary
"(h) Asphalts, per kilogram, eight centavos;chanroblesvirtualawlibrary
"(i) Greases, waxes and petrolatum, per kilogram,
fifty centavos;chanroblesvirtualawlibrary
"(j) Aviation turbo jet fuel, per liter of volume
capacity, fifty-five centavos."
Section 2. 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.
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