Tax base and specific tax attachment
- Section 142 provides that on refined and manufactured mineral oils and motor fuels, the specific taxes attach to the articles as soon as they are in existence as such.
- Section 145 provides that on diesel fuel oil and similar fuel oils, the specific tax attaches as soon as they are in existence as such.
- Section 142(a) sets specific tax rates measured per liter of volume capacity for enumerated fuels and products, with separate measurement rules stated within each listed item.
- Section 142(a) sets specific tax rates for some products measured per kilogram, including enumerated items that expressly use kilogram as the unit.
Specific tax on manufactured oils and fuels
- Section 142(a) imposes specific taxes on the following refined and manufactured mineral oils and motor fuels, attaching as soon as they are in existence as such:
- Kerosene: seven centavos per liter of volume capacity.
- Lubricating oils: sixty-five centavos per liter of volume capacity.
- Naptha gasoline and all other similar products of distillation: fifty centavos per liter of volume capacity.
- Premium on and aviation gasoline: fifty-five centavos per liter of volume capacity.
- Denatured alcohol to be used for motive power: one centavo per liter of volume capacity.
- Process gas: two centavos per liter of volume capacity.
- Thinners and solvents: FORTY centavos per liter of volume capacity.
- Liquefied petroleum gas: twelve centavos per kilogram.
- Asphalts: five centavos per kilogram.
- Greases, waxes and petroleum: thirty-five centavos per kilogram.
- Aviation turbo jet fuel: thirty centavos per liter of volume capacity.
- Section 142(d) provides a rule on mixtures of denatured alcohol and gasoline: if denatured alcohol is mixed with gasoline on which the specific tax has already been paid, only the alcohol content is subject to the specific tax prescribed.
- Section 142(d) provides a rule for removal for motive power: the removal of denatured alcohol of not less than one hundred eight degrees proof (ninety per centum) absolute alcohol is deemed removal for motive power unless shown to the contrary.
- Section 142(g) provides a conversion rule for liquefied petroleum gas used for motive power: liquified petroluem gas used for motive power shall be taxedd at the equivalent rate as the specific tax on diesel fuel oil.
Specific tax on diesel fuel oil
- Section 145(a) imposes a specific tax on fuel oil commercially known as diesel fuel oil and on all similar fuel oils having more or less the same generating power.
- Section 145(a) provides that the specific tax on diesel fuel oil and similar fuel oils is seventeen and one-half centavos per liter of volume capacity.
- Section 145(a) provides that the diesel fuel oil specific tax attaches as soon as it is in existence as such.
Incorporation and legal effect of amendments
- Section 1 amends Section 142 of Commonwealth Act No. 466 by replacing its text on specific tax on manufactured oils and other fuels with the rates and rules stated in Section 142(a), Section 142(d), and Section 142(g).
- Section 1 amends Section 145 of Commonwealth Act No. 466 by replacing its text on specific tax on diesel fuel oil with the seventeen and one-half centavos per liter of volume capacity rate.
- Section 2 makes the amendments effective immediately upon effectivity of Presidential Decree No. 1122.