SECTION 1. SCOPE. - Pursuant to the provisions of Section 244 in relation to Section 245 of the National Internal Revenue Code of 1997 (NIRC), as amended and Section 84 of Republic Act No. 10963, otherwise known as œTax Reform for Acceleration  and Inclusion  (TRAIN)  Law , these Regulations  are hereby promulgated to provide for the revised tax rates on cigarettes, amending certain provisions of Revenue Regulations (RR) No. 17-2012.

SEC. 2. AMENDATORY  PROVISIONS. - The provisions of Section 3 Items B(4) and B(5) of RR No. 17-2012 is hereby amended as follows:

œSEC. 3. REVISED RATES AND BASES OF THE SPECIFIC TAX. - There shall be levied, assessed and collected an excise tax on tobacco products, in accordance with the following schedule:

PRODUCT

DAT E OF EFFECTI VI TY OF TAX RATES

January 1, 2018 until June 30, 2018

July 1, 2018 until December 31 , 2019

January 1, 2020 until
December 31 , 2021

January 1, 2022 until December 31 , 2023

Januar y 1 , 2024 onwards

xxx

 

 

 

 

 

B . TOBACCO PRODUCTS

 

 

 

 

 

xxx

 

 

 

 

 

 

Pe r Pack

Pe r Pack

Pe r Pack

Pe r Pack

Effective 1 / 1/ 2024, t he specific t ax rate shall be i ncreased by 4% every  year thereaft er

(4 ) Ci garettes packed by hand

Ph p 32. 50

Ph p 35. 00

Ph p 37. 50

Ph p 40. 00

(5 ) Cigarettes packed by machine

Ph p 32. 50

Ph p 35. 00

Ph p 37. 50

Ph p 40. 00

           

xxx

         
SEC. 4. REPEALING  CLAUSE.  - All regulations,  rulings  or orders  or portions thereof  not  consistent  with  the  provisions  of  these  Regulations  are  hereby revoked, repealed or amended accordingly.

SEC.   5.   EFFECTIVITY   CLAUSE.   -   These   Regulations   shall   take   effect immediately following its publication in a newspaper of general circulation.