Specific and Ad Valorem Tax on Fermented Liquors. (A) Specific Tax.
Section 147
SEC. 147. Specific and Ad Valorem Tax on Fermented Liquors. (A) Specific Tax.—On beer, lager, beer, ale, porter and other fermented liquors (except tuba, tapuy, and similar domestic fermented liquors), there shall be collected on each liter of volume capacity, two pesos ten centavos. (B) Ad Valorem Tax.—In addition to the specific tax herein imposed, there shall be levied, assessed and collected an ad valorem tax equivalent to twenty percent (20) of the brewer's or importer's gross selling price, net of specific, tax, of the products enumerated under sub-section (a) hereof, to be removed from the brewery or other place of manufacture or to be released from customs custody which shall be paid by the brewer or importer, as the case may be, at the same time as the specific tax." "The provisions of Section 186-A hereof governing the determination of the gross selling price should likewise apply in the determination of the gross selling price of fermented liquor together with all the administrative requirements prescribed therein and subject to the same penalties therein imposed: