Question & AnswerQ&A (BIR REVENUE REGULATIONS NO. 17-2012)
It implements the provisions of Republic Act No. 10351, restructuring excise tax on alcohol and tobacco products by amending the National Internal Revenue Code, and clarifies provisions on alcohol and tobacco taxes.
An effervescent wine artificially charged with carbon dioxide containing more than 0.392 grams of CO2 per 100 milliliters of wine.
The selling price of alcohol and tobacco products in at least five major supermarkets in Metro Manila (or in the region for outside Metro Manila), excluding excise and VAT.
Excise tax is computed based on an ad valorem rate on the net retail price per proof and a specific tax per proof liter, with rates varying and increasing annually after 2016.
Such products are tax classified initially according to their suggested net retail prices declared in a sworn statement, subject to validation and revalidation.
No, downward reclassification that reduces tax or payment is prohibited.
It must include info like name, TIN, brand names, specs, markets, prices, production/import costs, excise tax rates, and taxes due, and must be duly notarized and submitted during registration and updated biannually or upon price changes.
The manufacturer/importer faces additional excise tax on the difference plus penalties, including triple the aggregate deficiency tax, surcharges, and interest.
All cigarettes must be packed in twenties or combinations resulting in not more than twenty sticks, with tax rates imposed based on the net retail price of each package size.
Yes, importation of those products into these areas is subject to excise tax pursuant to the Act.
They shall be penalized by summary cancellation or withdrawal of their permit to manufacture or import alcohol or tobacco products.
BIR shall conduct an actual stocktaking of all locally manufactured alcohol and tobacco product stocks held as of the Act's effectivity to determine proper tax rates.
They take effect upon publication in leading newspapers of general circulation.