SECTION 1. SCOPE. - Pursuant to the provisions of Section 244 in relation to Section 245 of the National Internal Revenue Code of 1997 (NIRC), as amended and Section 84 of Republic Act No. 10963, otherwise known as “Tax Reform for Acceleration  and Inclusion  (TRAIN)  Law”, these Regulations  are hereby promulgated to provide for the revised tax rates on cigarettes, amending certain provisions of Revenue Regulations (RR) No. 17-2012.

SEC. 2. AMENDATORY  PROVISIONS. - The provisions of Section 3 Items B(4) and B(5) of RR No. 17-2012 is hereby amended as follows:

“SEC. 3. REVISED RATES AND BASES OF THE SPECIFIC TAX. - There shall be levied, assessed and collected an excise tax on tobacco products, in accordance with the following schedule:

PRODUCT	DAT E OF EFFECTI VI TY OF TAX RATES
	January 1, 2018 until June 30, 2018	July 1, 2018 until December 31 , 2019	January 1, 2020 until December 31 , 2021	January 1, 2022 until December 31 , 2023	Januar y 1 , 2024 onwards
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B . TOBACCO PRODUCTS
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	Pe r Pack	Pe r Pack	Pe r Pack	Pe r Pack	Effective 1 / 1/ 2024, t he specific t ax rate shall be i ncreased by 4% every  year thereaft er
(4 ) Ci garettes packed by hand	Ph p 32. 50	Ph p 35. 00	Ph p 37. 50	Ph p 40. 00
(5 ) Cigarettes packed by machine	Ph p 32. 50	Ph p 35. 00	Ph p 37. 50	Ph p 40. 00
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SEC. 4. REPEALING  CLAUSE.  - All regulations,  rulings  or orders  or portions thereof  not  consistent  with  the  provisions  of  these  Regulations  are  hereby revoked, repealed or amended accordingly.

SEC.   5.   EFFECTIVITY   CLAUSE.   -   These   Regulations   shall   take   effect immediately following its publication in a newspaper of general circulation.