Professional Documents
Culture Documents
DEPARTMENT OF FINANCF,
BITREAU 0f Snm}ilAl E[,*,'r,.,:.
REcoRrls irGT' igMsJutr
BUREAU OF INTERNAL RE\'ENUE
tD:4D A.M,
iAN l52Ut8, 1q
lll/1vva,L
Quezon City RECETVED
January 5, 2018
SECTION 1. SCOPE. - Pursuant to the provisions of Section 244 in relation to Section 245
of the National lntemal Revenue Code of 1997 (NIRC), as amended. and Section 84 of
Republic ActNo. 10963, othetwise known as the "Tax Reform forAcceleration and Inclusion
(TRAIN) Law" tltese Regulations are hereby promulgated to these Regulations are hereby
promulgated to amend Revenue Regulations (RR) No. 25-2003 providing lor the revised tax
rates of excise tax on automobiles.
(a) xxx
..SEC. 4.
- RATES AND BASES OF THE AD VALOREM TAX ON
AtiTOMOBILES. There shallbe levied. assessed and collected an ad valoren.t tax on
automobiles based on the ntanufacturer's/assernbler's or inrpofter's selling price, net
lxf '
u./
Ret,cntte Regulations lVo _
Page 2 rfi-1
a. xxx
. f,m'dtH8Ht,lffi
lD; 40 A. 14,
\,',
lq 2nlr t
IAN i ! Fvrv l J
,
Ex :nr r, .: * *. i-i-"'5';n-
ht
.c '\-,
ts.
t- ,r./ :r
It&, L& =/f .f_.
a:.'
I.f
Reven Lte Regulat i ons' No.
Page 3 of I
F. PICK-UI'S."
SEC. 5. A nen, provision designated as Section 5-A in RR No. 25-2003 is hereby inserled to
read as follows:
..SEC.
5-A. VALIDATION OF MANUFACTURERS' AND IMPORTERS' SELLINC
PRICE. - By the end of three months frorr the inrposition of the new rates, the Bureau
of Internal Revenue shallvalidate the Manufacturer's or Impofter's Selling Price o1'the
nervly introduced nrodels against the Manufacturer's or lmporter''s Selling Price as
defined herein and initially determine the correct bracket under r'vhich a newl1,
introduced model shall be classified. After the end of one year fi'on such validation.
and every year thereafter, the Bureau of lnternal Revenue shall revalidate the initialll,
validated Net Manufacturer's or Importer's Selling Price against the Net
Manufacturer's or lmpofter's Selling Price as of the tirne of revalidation in order to
finally determine the corect tax bracket under which a newly introduced rnodel shall
be classified."
SEC. 8. EFFECTIVITY CLAUSE. - These Regulations shall take ef-fect on .lartrarv l. 201 8
fbllorving its complete publication in the Official Gazettes or in at least one (1) newspaper of
general circulittion.
Secretary of Finance
JAil 1 1 2018
Recomnrending Approval :
,1tr^A*^?
CAESAR R. DULAY RECORDS
--
TWDIUB
BIJBF,AU OF INTEBNAT
MGT. DI-1'ISiuX
Commissioner of lnternal Revenue lo : 4o A'rl'
412459 JAN l52Al8,14
//wqr*
RECEIV.ED'