Summary
RMC No. 90-2012 provides the initial classifications of alcohol and tobacco products, effective January 1, 2013, under the tax rates in Republic Act No. 10351.
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Key points
- Basis of classification. The classifications are based on the BIR’s 2010 price survey of the products.
- Products introduced after the survey. For products introduced after the 2010 price survey but before the Act took effect, the classification or rate follows the suggested net retail price in the latest sworn statement of the local manufacturer or importer.
Who is affected
- Local manufacturers and importers of alcohol and tobacco products
Deadlines and effectivity
- Initial classifications effective: January 1, 2013
Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.
Copies of BIR issuances are hosted here for reference. For the official version, check bir.gov.ph. Summaries by Tax Resources PH are not a substitute for the full text or professional advice.