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Understanding Excise Tax in the Philippines by Jess is a document available to read on EtoBox.

Excise tax is imposed on locally produced and imported goods such as alcohol, tobacco and petroleum. There are two types of excise tax - specific tax based on quantity or volume, and ad valorem tax based on price. Major excise tax rates include 20% ad valorem tax on distilled spirits plus a tax per proof liter increasing 4% annually, and taxes per kilogram of tobacco increasing 4% annually. Manufacturers, importers and possessors of excisable goods are generally liable for excise tax, which must be paid bef

Author

Jess

Language

EN