Strengthening the Operation of the One-Stop Shop Inter-Agency Tax Credit and Duty Drawback Center

July 19, 1994 ADMINISTRATIVE ORDER NO. 138 STRENGTHENING THE OPERATION OF THE ONE-STOPSHOP INTER-AGENCY TAX CREDIT AND DUTYDRAWBACK CENTER FOR THE PROCESSING OF ALLTAX CREDITS AND DUTYDRAWBACKS WHEREAS, the establishment under Administrative Order No. 266, series of 1992, of the One-StopShop Inter-Agency Tax Credit and DutyDrawback Center (CENTER) in the Department of Finance has greatly enhanced and facilitated the processing and release of claims for tax credits/duty drawbacks by export-oriented firms; WHEREAS, there is still a need to further reinforce and strengthen the operation of the CENTER in support of global competitiveness; NOW, THEREFORE, I, FIDEL V. RAMOS, President of the Philippines, by virtue of the powers vested in me by law, do hereby order the following: acd SECTION 1. Center . The CENTER is hereby declared and made a permanent unit in the Department of Finance, and its personnel complement shall be appointed in accordance with existing Civil Service Law, rules and regulations. SECTION 2. Harmonized Tax Credits . The CENTER is directed to institute a simplified and harmonized system of tax credits in order to facilitate trade and enhance the competitiveness of the export sector. SECTION 3. Fees and Other Income . Subject to budgetary laws, circulars, and regulations, income from fees and other charges collected by the CENTER shall constitute a trust fund which shall be expended exclusively in accordance with the purposes of Administrative Order No. 266, series of 1992. SECTION 4. Repealing Clause . All orders, guidelines, and regulations or portions thereof, which are in conflict with this Administrative Order are hereby repealed or modified accordingly. SECTION 5. Effectivity . This Administrative Order shall take effect fifteen (15) days after publication in the Official Gazette or in a newspaper of general circulation. DONE in the City of Manila, this 19th day of July, in the year of Our Lord, Nineteen Hundred and Ninety-Four.