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11.54% for 2014 and 26.57% for 2015, when it reached 2008 94.45 44.4746
2007 69.08 46.1484
as much as P11,820.75 million.
2006 61.08 51.3143
Figure 1 Sources of basic data: OPEC, BSP
Excise Tax Collection from Petroleum Products
(In Million Pesos) Table 5 shows the projected tax rates of selected
16000 petroleum products if they are to be indexed to headline
14000 inflation and inflation based on a major commodity
12000 group to which they belong (housing, water, electricity,
10000 2013
gas and other fuels). The base year, 1998, was the year
8000 2014 that the National Internal Revenue Code of 1997 took
6000 2015 effect. The projections showed that by 2015, the tax
4000
rates for these selected products are more or less close
2000
to the proposed tax rates, except for products that are
0
exempt/zero-rated (under RA 9337) such as kerosene,
BIR BOC
diesel fuel, and LPG.
Sources of basic data: BIR, BOC
Table 5
Indexed Tax Rate of Selected Petroleum Products
(In Pesos per Liter or Kilogram, Selected Fiscal Years)
1998 Proposed
Particulars 2002 2006 2011 2015
(Base Year) Rates