Summary
RR No. 23-2003 implements the revised tax classification of new brands of alcohol products and their variants, based on current net retail prices from the nationwide survey under RR No. 9-2003.
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Key points
- New Excise Tax rates. The new rates apply to new alcohol product brands and variants introduced in the market after January 1, 1997, as listed in Annex A of the Regulations.
- When rates apply. The rates are imposed immediately after fifteen (15) days following publication of the Regulations in a newspaper of general circulation.
Who is affected
- Makers and sellers of new alcohol product brands and variants introduced after January 1, 1997
Deadlines and effectivity
- Rates take effect immediately after fifteen (15) days following newspaper publication
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.