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(NAR) VOL. IV NO. 4 / OCTOBER-DECEMBER 1993
[ DST ADMINISTRATIVE ORDER NO. 058, s. 1993, September 27, 1993 ]
IMPOSITION OF FILING FEE FOR APPLICATIONS OF DOST CERTIFICATION OR INDORSEMENT UNDER R.A. NO. 7042 AND E.O. NO. 226
In order to implement the requirements under R.A. No. 7042 and E.O. No. 226, otherwise known as Foreign Investment Act of 1991 and Omnibus Investments Code of 1987, a non- reimbursable filing fee of Five Hundred Pesos (P500.00) shall be collected from the applicants.
The proceeds of these filing fees shall form part of the DOST-Osec income that will be used specifically for the purpose specified in the DOST Special Provision on the Use of Income under the General Appropriations Act (GAA).
The DOST certification/indorsements shall be issued on the following:
1.1 A DOST certification that the concerned foreign investor with paid-in-equity capital of less that the equivalent of US$500,000 is investing in areas involved in "Advanced Technology".
1.2 A DOST indorsement to the Board of Investments that the applicant firm is investing in a project that involves "Research and Development" activities.
This order takes effect immediately and supersedes all issuances inconsistent herewith.
Adopted: 27 Sept. 1993
(Sgd.) RICARDO T. GLORIA
Secretary
The proceeds of these filing fees shall form part of the DOST-Osec income that will be used specifically for the purpose specified in the DOST Special Provision on the Use of Income under the General Appropriations Act (GAA).
The DOST certification/indorsements shall be issued on the following:
1.1 A DOST certification that the concerned foreign investor with paid-in-equity capital of less that the equivalent of US$500,000 is investing in areas involved in "Advanced Technology".
1.2 A DOST indorsement to the Board of Investments that the applicant firm is investing in a project that involves "Research and Development" activities.
This order takes effect immediately and supersedes all issuances inconsistent herewith.
Adopted: 27 Sept. 1993
Secretary