Energy Tax Schedule for Recreational Watercrafts

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MIA MEMORANDUM CIRCULAR NO. 102: Energy Tax Schedule for Recreational Watercrafts

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Title Source: Supreme Court: Energy Tax Schedule for Recreational Watercrafts

Law: Mia Memorandum Circular No. 102

Decision Date: Apr 6, 1995

MIA Memorandum Circular No. 102 establishes a schedule of energy taxes for the operation of pleasure and recreational watercrafts, with fees based on vessel length, and mandates payment upon annual licensing to ensure compliance with the government's energy conservation program.

Schedule of Energy Tax Based on Vessel Length

Vessels not more than 5 meters: Php 1,000.00
More than 5 meters up to 15 meters: Php 2,500.00
More than 15 meters up to 25 meters: Php 4,000.00
More than 25 meters up to 35 meters: Php 5,500.00
More than 35 meters up to 45 meters: Php 7,000.00
More than 45 meters up to 55 meters: Php 8,500.00
More than 55 meters up to 65 meters: Php 10,000.00
More than 65 meters up to 75 meters: Php 11,500.00
More than 75 meters up to 85 meters: Php 13,000.00
More than 85 meters up to 95 meters: Php 14,500.00

Payment Procedure

The energy tax must be paid contemporaneously with the fees for the annual licensing and/or inspection of the vessels.

Penalties for Non-Payment

Failure to pay the energy tax results in grounds for non-issuance, non-renewal, or cancellation of the Pleasure Yacht License (PYL).

Effectivity

The memorandum circular takes effect 15 days after its publication in a newspaper of general circulation.

END