8box Solutions Inc.


Contact Number: 09369340340
Email: sales@8box.solutions

REVENUE REGULATIONS NO. 12-2008 issued on September 25, 2008 prescribes the manner of computing the basis of the fifteen percent (15%) allocable share of the beneficiary provinces in the Excise Tax collection from locally manufactured Virginia-type cigarettes pursuant to the provisions of Section 3 of Republic Act No. 7171 entitled, “An Act to Promote the Development of the Farmers in the Virginia Tobacco-Producing Provinces”. The computation of the fifteen percent (15%) share of the beneficiary provinces shall be based on the actual Excise Taxes collected annually from locally manufactured Virginiatype cigarettes.