SEC. 152. Extent of Supervision Over Establishments Producing Taxable Output. – The Bureau of Internal Revenue has authority to supervise establishments where articles subject to excise tax are made or kept. The Secretary of Finance shall prescribe rules and regulations as to the mode in which the process of production shall be conducted insofar as [...]
SEC. 151. Mineral Products. – (A) Rates of Tax. – There shall be levied, assessed and collected on minerals, mineral products and quarry resources, excise tax as follows: (1) On coal and coke, a tax of Ten pesos (P10.00) per metric ton; (2) On all nonmetallic minerals and quarry resources, a tax of two percent [...]
SEC. 149. Automobiles. – There shall be levied, assessed and collected an ad valorem tax on automobiles based on the manufacturer’s or importer’s selling price, net of excise and value-added tax, in accordance with the following schedule: Net manufacturer’s Price/importer’s selling price Rate Up to P600,000 2% Over P600,000 to P1.1 Million P12,000+20% of [...]
