Bureau of Internal Revenue sets guidelines on taxing liquor manufacturers

MANILA, Philippines - The Bureau of Internal Revenue (BIR) has set the guidelines on taxing liquor manufacturers in so far as ethyl alcohol is concerned.

In a memorandum circular, BIR Commissioner Kim Henares said the importation of ethyl alcohol or ethanol intended for re-sale or for the manufacture of compounded liquors shall be subject to excise tax unless the importer is a holder of a permit to operate as importer of ethyl alcohol, duly issued by the bureau and has posted a surety bond.

Commissioner Henares said the amount of the surety bond shall be equivalent to the average total value of ethyl alcohol for a two-month period computed by the estimated total value of ethyl alcohol imported during the year divided by six months. This shall be the value used by the BIR in determining the tariff and customs duties.

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