Question & AnswerQ&A (Republic Act No. 1435)
The primary purpose of Republic Act No. 1435 is to provide means for increasing the Highway Special Fund by amending specific sections of the National Internal Revenue Code to increase taxes on manufactured oils and fuels.
Refined and manufactured mineral oils and motor fuels including kerosene or petroleum, lubricating oils, naptha, gasoline and similar products, and denatured alcohol used for motive power are subject to specific taxes.
Two and one-half centavos per liter of volume capacity.
Only the alcohol content of the mixture, for which the specific tax has not been paid, shall be subject to the tax prescribed.
Fifty percent of the specific tax paid on oils used in agriculture and aviation within five years from June 18, 1952, shall be refunded upon submission of sworn affidavits or certificates proving actual use.
No refunds shall be granted for aviation oils used by foreign citizens or corporations from countries that do not grant equivalent refunds or exemptions on similar oils used by Philippine citizens or corporations.
One peso per metric ton.
They are set aside exclusively for amortizing loans or bonds authorized for highway construction, reconstruction, improvement, and liquidation of toll bridges as recommended and approved by relevant authorities.
Yes, municipal boards or councils may levy an additional tax of not exceeding twenty-five percent of the rates fixed in the amended Sections 142 and 145 on manufactured oils sold or distributed within their limits.
The route or location of the new road must be approved by the Commissioner of Public Highways after determining that it can be part of an integral and articulated route within the Philippine Highway System as required by the Philippine Highway Act of 1953.