Supreme Court E-Library
Information At Your Fingertips


  View printer friendly version

[ LETTER OF INSTRUCTIONS NO. 663, January 27, 1978 ]

TO:
The Secretary, Department of Energy
The Secretary, Department of Finance
The Director-General, National Economic &
    Development Authority

In view of the representations of the gasoline dealers with respect to the new rate of privilege tax provided under Presidential Decree No. 1158-A, the following instructions are hereby issued:
  1. Out of the funds of the Department of Energy, the affected petroleum dealers shall receive subsidy to the extent of the additional privilege tax.  The Department of Energy shall, in consultation with the Department of Finance, formulate the rules and regulations to implement the subsidy operations.
  2. The Director-General, National Economic and Development Authority, in coordination with the Department of Energy and the Department of Finance, shall submit within ninety (90) days from receipt of this instruction recommendations with respect to the taxation of petroleum dealers.
Done in the City of Manila, this 27th day of January, in the year of Our Lord, nineteen hundred and seventy-eight.

(Sgd.) FERDINAND E. MARCOS
President of the Philippines
© Supreme Court E-Library 2019
This website was designed and developed, and is maintained, by the E-Library Technical Staff in collaboration with the Management Information Systems Office.