Excise Tax Amendments on Alcohol, Tobacco Products

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Republic Act No. 8240: Excise Tax Amendments on Alcohol, Tobacco Products

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Title Source: Supreme Court: Excise Tax Amendments on Alcohol, Tobacco Products

Law: Republic Act No. 8240

Decision Date: Nov 22, 1996

Amendments to the NIRC in the Philippines impose specific taxes on distilled spirits, wines, liquor, and cigarettes, with varying rates based on net retail price, and establish an oversight committee to monitor implementation and allocate revenue to tobacco-producing provinces.

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