Tax Rate Revision on Locally Produced Crude Oil

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EXECUTIVE ORDER NO. 959: Tax Rate Revision on Locally Produced Crude Oil

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Title Supreme Court: Tax Rate Revision on Locally Produced Crude Oil

Law: Executive Order No. 959

Decision Date: Jun 11, 1984

Executive Order No. 959, issued in 1984, revised the percentage tax rate on locally produced crude oil in the Philippines to ensure price parity with imported crude oil subject to customs duty.

revised percentage tax rate

locally produced crude oil

price parity

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