REVENUE REGULATIONS NO. 22-2003 issued on August 13, 2003 implements the
revised tax classification of new brands of cigarettes and variants thereof based on the
nationwide survey of the current net retail prices.
The new rates of Excise Tax on the new brands of cigarettes and variants thereof
that were introduced in the market after January 1, 1997 (as specified in Annex A of the
Regulations) shall be imposed immediately after fifteen (15) days following the
publication of the Regulations in a newspaper of general circulation.