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Questions and Answers
What is the excise tax rate on domestically produced coal effective January 1, 2019?
What is the excise tax rate on domestically produced coal effective January 1, 2019?
Which of the following minerals is exempt from excise tax?
Which of the following minerals is exempt from excise tax?
What is the excise tax rate for indigenous petroleum?
What is the excise tax rate for indigenous petroleum?
Which of the following is true regarding quarry resources?
Which of the following is true regarding quarry resources?
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How is the excise tax calculated for imported metallic minerals?
How is the excise tax calculated for imported metallic minerals?
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What constitutes a mineral according to the definitions provided?
What constitutes a mineral according to the definitions provided?
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What is the excise tax rate on non-metallic minerals and quarry resources?
What is the excise tax rate on non-metallic minerals and quarry resources?
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Coke is primarily derived from which of the following?
Coke is primarily derived from which of the following?
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Who is responsible for paying excise tax on imported excisable products?
Who is responsible for paying excise tax on imported excisable products?
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When must excise tax be paid for imported excisable products?
When must excise tax be paid for imported excisable products?
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Which of the following is NOT exempt from excise tax in tax and duty-free shops?
Which of the following is NOT exempt from excise tax in tax and duty-free shops?
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What is the status of consumption inside Freeport zones regarding excise tax?
What is the status of consumption inside Freeport zones regarding excise tax?
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What happens when tax-free articles are introduced into the customs territory?
What happens when tax-free articles are introduced into the customs territory?
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What can be claimed when excise tax is paid on goods that are exported and not returned to the Philippines?
What can be claimed when excise tax is paid on goods that are exported and not returned to the Philippines?
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Which of the following areas is considered a foreign territory for tax purposes?
Which of the following areas is considered a foreign territory for tax purposes?
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What type of goods are specifically mentioned as not exempt from excise taxes in certain exempt areas?
What type of goods are specifically mentioned as not exempt from excise taxes in certain exempt areas?
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What types of goods are typically subject to excise tax?
What types of goods are typically subject to excise tax?
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At what point is excise tax generally levied?
At what point is excise tax generally levied?
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Which of the following is an exception to the scope of excise tax?
Which of the following is an exception to the scope of excise tax?
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What is the nature of excise tax as described in the content?
What is the nature of excise tax as described in the content?
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Which of the following is not considered an excisable article?
Which of the following is not considered an excisable article?
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Which category is included within the nature of the Philippine excise tax?
Which category is included within the nature of the Philippine excise tax?
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What happens to excise tax on goods that are exported?
What happens to excise tax on goods that are exported?
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What are sweetened beverages classified as under the excise tax system?
What are sweetened beverages classified as under the excise tax system?
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What was the tax rate for lubricating oils and greases in 2020?
What was the tax rate for lubricating oils and greases in 2020?
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Which petroleum product had a tax rate of P4.00 in both 2019 and 2020?
Which petroleum product had a tax rate of P4.00 in both 2019 and 2020?
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What is the tax treatment of liquefied petroleum gas if used for the production of petrochemical products?
What is the tax treatment of liquefied petroleum gas if used for the production of petrochemical products?
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Which petroleum product had the highest tax rate in 2020?
Which petroleum product had the highest tax rate in 2020?
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What was the unit of measure for processed gas in both 2019 and 2020?
What was the unit of measure for processed gas in both 2019 and 2020?
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What was the tax rate applied to diesel fuel oil in 2019?
What was the tax rate applied to diesel fuel oil in 2019?
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Which of the following petroleum products had a tax increase from 2019 to 2020?
Which of the following petroleum products had a tax increase from 2019 to 2020?
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Which petroleum products are explicitly identified as not taxable when used as raw materials or fuel for power plants?
Which petroleum products are explicitly identified as not taxable when used as raw materials or fuel for power plants?
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Which mineral products are exempt from the excise tax credit or refund?
Which mineral products are exempt from the excise tax credit or refund?
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What is the excise tax rate for distilled spirits per proof liter in 2019?
What is the excise tax rate for distilled spirits per proof liter in 2019?
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What does Net Retail Price (NRP) refer to for distilled spirits sold in Metro Manila?
What does Net Retail Price (NRP) refer to for distilled spirits sold in Metro Manila?
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How often are the specific tax rates for alcohol products adjusted?
How often are the specific tax rates for alcohol products adjusted?
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What defines a proof liter of spirits?
What defines a proof liter of spirits?
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For still wines and carbonated wines with more than 14% but not more than 25% alcohol, what is the excise tax rate per liter?
For still wines and carbonated wines with more than 14% but not more than 25% alcohol, what is the excise tax rate per liter?
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What is the excise tax rate for sparkling wines or champagnes that cost more than P500 per 750ml bottle?
What is the excise tax rate for sparkling wines or champagnes that cost more than P500 per 750ml bottle?
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What excise tax rate applies to fermented liquors sold in pubs and restaurants?
What excise tax rate applies to fermented liquors sold in pubs and restaurants?
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Study Notes
Excise Tax on Minerals
- Coal and Coke excise tax rates:
- P50/MT effective January 1, 2018
- P100/MT effective January 1, 2019
- P150/MT effective January 1, 2020
- Excise tax on non-metallic and metallic minerals set at 4% for both domestically produced and imported products.
- Indigenous petroleum excise tax is 6%; natural gas and liquefied natural gas are exempt.
Definitions
- Indigenous petroleum includes mineral oil, hydrocarbon gas, and related natural substances, excluding coal and certain mineral deposits.
- Minerals refer to all naturally existing inorganic substances in solid, liquid, or gaseous states.
- Mineral products cover items processed to marketable conditions without chemical changes.
- Quarry resources may include stones or minerals like marble and granite, declared by mining authorities.
General Excise Tax Rules
- Excise tax is a hybrid consumption tax, imposed at the production or importation point for certain goods intended for domestic consumption.
- Tax refunds or credits are possible for exported goods, except for certain mineral products.
- Excisable articles include alcohol, tobacco, petroleum, mineral products, and selected non-essential services.
Excise Tax Timing
- Excisable articles are taxable upon import, production, or sale depending on the category (e.g., for mineral products, it's before removal from production).
Nature of Philippine Excise Tax
- Acts as a regulatory tax addressing environmental, social, and consumption issues.
- Classifications include environmental tax, sumptuary tax, sin tax, indirect tax, and additional business tax.
Importation and Export of Goods
- Imported excisable products must pay taxes before removal from customs custody.
- Tax-free importation is permitted for certain zones but excludes sin products like tobacco and alcohol, which might still require bonds.
Export Provisions
- Excise tax paid on locally produced goods exported without return can be refunded or credited, with exceptions for coal and coke.
Excise Tax on Alcohol Products
- Different rates per product type with specific rates mentioned for distilled spirits, wines, and liquors; subject to annual adjustments.
Excise Tax on Petroleum Products
- Tax rates in 2019 and 2020 for various petroleum products include:
- Unleaded Gasoline: P9.00 (2019), P10.00 (2020) per liter
- Diesel Fuel Oil: P4.50 (2019), P6.00 (2020) per liter
- Lubricating Oils: P9.00 (2019), P10.00 (2020) per liter.
- Exemptions apply when petroleum products are used as raw materials or fuels in power generation.
Notes on Net Retail Price and Proof Liter
- Net Retail Price (NRP): Price at which distilled spirits are sold at major supermarkets.
- Proof Liter: A measure of alcohol content in a beverage, where "proof" is twice the percentage of alcohol by volume.
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Description
This quiz covers the excise tax rates applicable to various mineral products, including coal, non-metallic minerals, and metallic minerals such as copper and gold. Detailed information on the effective dates and rates for both domestically produced and imported mineral resources is provided. Test your knowledge on these taxation policies and their implications.
