Modified tax rates on tobacco products pursuant to the provisions of TRAIN Law, thus amending the for the Purpose Revenue Regulations No. 17-2012.
According to the provisions of Section 244, as amended in Section 245 of the 1997 National Internal Revenue Code (NIRC) and Section 84 of Republic Act No. 10963, also known as the Tax Reform for Acceleration and Inclusion (also known as TRAIN Law), these regulations focuses on the revised tax rates for cigarettes and other tobacco products.
To obtain a full PDF copy of this revenue regulation, kindly click this link.