DER [BUREAC OF INTERNAL REVENUE arnt ream ea: crores ALA Ga i 5g een Cy RECEIV January 5.2018 REVENUE REGULATIONS NO,_i- 20/8 SUBJECT + Proving tor the Kevsed Tx Rates on Minera Product urs 10 the Provisions of Republic Act No, 10963. bern neon a the “Tax Reform for Aeeseraton and nclesion (TRAIN) Lane Amending forthe Purpose Revenue Regulations No.1 10 All Internal Revenue Oticers and Others Concerned SECTION 1. SCOPE... Pursuant the provision f Sestioe 24 in relation to Sein 235 of the Naina neal Revenue Cade of 19 (MIRC) as amended. and Sect 82 ‘of Republic Act No, 1096. ethrwie known asthe “Tey Reform for Acceleason and Incision (TRAPS Law", hese Resuluins te hres promlstd wo sent even rovisions of Revenue Regulations (RR} Ne 5-94 By providing forthe vie! rates on mineral pede SEC. 2. Amending Seen 3 of R No, 1-94 “SEC. 3. DEFINITION OF TERMS.~ For puposes ofthese Re folowing words and pases sal have the meaning sated blow tons. te {© Gross Oupu sal be imerpretd 9 the actual makes value of nines oF mineral product or of ballin fron each mine or mineral lang opwaed es & Sepa nin without any duction from mining ling renin ns all expenses inured we prepare the sid minrale or mera produce it & Iarembie sate ab well as ansparing, adling, marketing 1 an fapenes: Pred, Th Wf the minerals of mineral produ ee S10 ansigned sboad by te lesser or owner ofthe mine under CLF tems tne ‘cul co of oan etc and iran al be deste Proded. meer That in the cae of minal concentrate, nor ade in sotmodia sacbanes ih the Philippines or broad. such as capper conentat, the actual mit vale shal be the world price quoatons of the refined mine pods sont Theat yovaline Ht sais como ehanate eRe OSC Siting fing an aie charpes cured in te procst of comerine he Iisa concentrates ino efineé metal bade n those comedy wohtnse, wx aaa a ye‘avon Rsuion Ne Paget SEC. 3. Améning Seon 5 of RR No. 13-94 , 5. PAYMENT OF EXCISE TAX ON MINERALS AND MINERAL. PRODUCTS. ‘Roe and Base Tax ~ There tall be eve, asset and elt 30 mines ‘wine produts an quay resourses follows |. On domesicané mpc! an cake “Date oa Fie Ta per Mane Ton Taman LE peso P3001 Tana 13007 ‘ne Hans rns POUT Tanwar 1-350 a onan One hana and iy pss (SOO Coal produced under Coal Opemting Contacts ened ino by the ovement pursuant e Present Decree No 972 5 wells those exempted fo ‘ois tn oh mineral products under other lw sill ow be set Io the ‘plicable ats above Deine Sma 1.2018 Ai nonmenaic minerals and quar resourses: Tice Tax “Tosaly carat or prediced | Four pacen 80) based or We wal make vale ofthe gros wip thers at thetine of remot, “Toned bb the Buren of stom (BOC) in ernining tif and suse des tf xcs and value-added a, Tosa eaiacied nara aan Exam ap liguefiod natal en 33. Allene minerals: Se (Daaly saad oF produced, Four parent (tor baaee_ on Ge ual oper gol. chomite ance! marke vale ofthe goss ouput metalic mine thetime of removal Inport opps. S01 elealte” Four percent based on the Value we andor meullicmineals hy the BOC in determining tari and sos de. sof ex | ade | ‘ice threo on the fist table sale bare. exchange OF Suh Sar "Esaction sich nh te pad bythe bus os purchase bse reno fom te pace oF praducion. The pase “rss mobi sale Baar huge Slr ronzcton eas the arses 9 ndgenoue pele is gs g a J Pe ag 2 to. Mananan a co re RECEIVESite «fest sable ransece. The fir intnstion! make: pee shll be exeinec i consulon with an apropine government 2 Indigenous paroleum sal include bitumen, sue api mineral ‘anal oe: starr ataly a (Pea umiaoe sa andor rat SEC. 4, REPEALINGIAMENDATORY CLAUSE, ~All eguiaions. 0 potions thereof aoe ended coding iste: heewih are heriy revoked. teed, dled SEC.§. EFFECTIVITY CLAUSE. - Thes Regulation shal ake fe: immediately tf is some pubieten ina newspaper of geveal clan (CARLOS 6. DOM Sera of Fini SAN 11 zm commending Agprova: Beso ‘UREA oF STEAL REVIT eo EaESAR RELA RECORDS MET DIMSION "012459 AN 15 28 RECEIVED BIR TRAPS IRRIRR Dating Commies