RMC No. 56-2026 — Circularizing the full text of Republic Act No. 12316, "An Act Authorizing the President to Suspend or Reduce Excise Tax on Petroleum Products, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997, as Amended" Digest | Full Text | RA No. 12316

REPUBLIC OF THE PHILIPPINES

Bringing In Revenues for Nation-Building REVENUE MEMORANDUM CIRCULAR NO. 0 5 6 2 0-2 6 BUREAU OF INTERNAL REVENUE DEPARTMENT OF FINANCE National Office Building Quezon City MAY 26 2026 PILIPINAS BAGONG

SUBJECT: Circularizing the Full Text of Republic Act (RA) No.12316,An Act

Authorizing the President to Suspend or Reduce Excise Tax on

National Internal Revenue Code of 1997, as Amended" Petroleum Products, Amending for the Purpose Section 148 of the

TO: All Internal Revenue Officials,Employees and Others Concerned

For the information and guidance of all internal revenue officials, employees and others

the "An Act Authorizing the President to Suspend or Reduce Excise Tax on Petroleum concerned.attached as AnnexA"hereof is the full text of RA No.12316,otherwise known as Products, Amending for the Purpose Section 148 of the National Internal Revenue Code of 1997.as Amended.

All internal revenue officials and employees are enjoined to give this Circular as wide a publicity as possible.

CHARLITO MARTIN R.MENDOZ

Commissioner of Internal Revenue

K-I-DVC

BUREAU OFINTERNALREVENL RECORDS MANAGEMENT DIVISION 00000237 M

MAY 26 2026

BY ADMINUNIT M 2'soPM

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