RR No. 12-2004: Provides the revised tax rates on alcohol and tobacco products introduced on or before December 31, 1996, and those enumerated under RR Nos. 22-2003 and 23-2003

Summary

RR No. 12-2004, issued December 29, 2004, provides revised tax rates on alcohol and tobacco products, implementing Republic Act No. 9334, which increases excise tax rates on these products.

Key points

1. Products and rates covered. The revised rates apply to alcohol and tobacco products introduced on or before December 31, 1996, and to those enumerated under Revenue Regulations Nos. 22-2003 and 23-2003.

Who is affected

• Alcohol and tobacco products listed in RR Nos. 22-2003 and 23-2003, and those introduced on or before December 31, 1996

Summary by Tax Resources PH. It is not a substitute for the full text of the issuance or professional advice.