NATIONAL INTERNAL REVENUE CODE OF 1997 - CHAN ROBLES & ASSOCIATES LAW FIRM

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PHILIPPINE TAX UPDATE ON-LINE Sponsored by: The ChanRobles Group THE NATIONAL INTERNAL REVENUE CODE OF THE PHILIPPINES [Tax Reform Act of 1997] Republic Act No. 8424 AN ACT AMENDING THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES ANNEX A-3 DISTILLED SPIRITS BRANDS PRODUCED FROM GRAINS, CEREALS AND GRAINS COVERED BY SECTION 141 [b]

BRAND/TYPE OF SPIRITS [All in 750 ml./Bottle]	TYPE	A PROOF	B PROOF LITER PER BOTTLE [ax.75]	C RETAIL PRICE [PhP]	D VAT [10%] [PhP]	E EXCISE TAX PER BOTTLE	F PERCENTAGE EXCISE TAX IN RELATION TO RETAIL PRICE [e/c]	G NET RETAIL PRICE [EXCLUDING VAT AND EXCISE TAX] [PhP]
I. Premium [High-Priced]						(b x P300)
Martell XO Johnny Walker Blue Label Carlos I Old Parr Swing Glenlivet Johhny Walker	Whisky Whisky Whisky Whisky Whisky Whisky Whisky	80 86 80 86 86 86 86	0.600 0.645 0.600 0.645 0.645 0.645 0.645	3,500.00 3,500.00 948.25 850.00 850.00 817.65 800.00	350.00 350.00 94.83 85.00 85.00 81.77 80.00	180.00 193.50 180.00 193.50 193.50 193.50 193.50	5.143% 5.529% 18.982% 22.765% 22.765% 23.665% 24.188%	2,970.00 2,956.50 673.43 571.50 571.50 542.39 526.50
II. De-Luxe [Medium Priced]						(b x P150)
Cardhu St. George Teachers Canadian Club Chivas Regal Cutty Sark Black Label Asbach Urali Something Special Famous Gruise Balantines Bush Mills J&B Red Label Jim Beam Black and White White Rose	Whisky Whisky Whisky Whisky Whisky Whisky Whisky Brandy Whisky Whisky Whisky Whisky Whisky Whisky Whisky Whisky Whisky	80 80 86 80 86 86 86 70 86 86 86 86 86 86 86 86 86	0.600 0.600 0.645 0.600 0.645 0.645 0.645 0.525 0.645 0.645 0.645 0.645 0.645 0.645 0.645 0.645 0.645	772.75 750.00 701.60 668.20 635.00 632.50 620.00 480.00 450.00 426.00 423.50 416.50 405.50 370.00 360.00 340.00 330.00	77.28 75.00 70.16 66.82 63.50 63.25 62.00 48.00 45.00 42.60 42.35 41.65 40.55 37.00 36.00 34.00 33.00	90.00 90.00 96.75 90.00 96.75 96.75 96.75 78.75 96.75 96.75 96.75 96.75 96.75 96.75 96.75 96.75 96.75	11.647% 12.000% 13.790% 13.469% 15.236% 15.296% 15.605% 16.406% 21.500% 22.711% 22.845% 23.229% 23.859% 26.149% 26.875% 28.456% 29.318%	605.48 585.00 534.69 511.38 474.75 472.50 461.25 353.25 308.25 286.65 284.40 278.10 268.20 236.25 227.25 209.25 200.25

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