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RR No. 15-2008: Prescribes the manner of computing the incremental revenue to be used as basis of the 15% share of the beneficiary provinces producing burley and native tobacco in the Excise Tax collection from tobacco products under R.A. No. 8240

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Summary

RR No. 15-2008 prescribes how to compute the incremental revenue used as the basis of the 15% share of beneficiary provinces producing burley and native tobacco in Excise Tax collected from tobacco products under Section 8 of R.A. No. 8240.

Key points

  1. Incremental revenue. Incremental revenue is the excess of actual Excise Tax collections from tobacco products for the year under consideration over collections in calendar year 1996, the base year.
  2. Deduction for R.A. No. 9334. The incremental revenue collected from the increase in Excise Tax rates under R.A. No. 9334 is taken out of that amount.

Who is affected

  • Beneficiary provinces producing burley and native tobacco

Deadlines and effectivity

  • Base year: calendar year 1996

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.