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REVENUE REGULATIONS No. 2-2012

Tax Administration Treatment of Petroleum and Petroleum Products Imported into the Philippines Including those Coming in Through Freeport Zones and Economic Zones and Registration of All Storage Tanks, Facilities, Depots and Terminals.

RR No. 2-2012 | 2012-02-17

REPUBLIC OF THE PHILIPPINES
DEPARTMENT OF FINANCE
BUREAU OF INTERNAL REVENUE
Quezon City
 
February 17, 2012
 
REVENUE REGULATIONS No. 2-2012
 
SUBJECT :  Tax Administration Treatment of Petroleum and Petroleum Products Imported into the Philippines Including those Coming in Through Freeport Zones  and Economic Zones  and  Registration  of  All Storage Tanks, Facilities, Depots and Terminals.
 
TO :  All Internal Revenue Officers and Others Concerned
 
 
BACKGROUND
 
In light of reported rampant smuggling of petroleum and petroleum products resulting to...