People's Television Network, Inc.

February 12, 2020 FIRB RESOLUTION NO. 002-20 SUBJECT MATTER : People's Television Network, Inc. WHEREAS, the People's Television Network, Inc. (PTNI) is mandated under Republic Act (RA) 7306, to develop the broadcasting industry as a medium for the development, promotion, and advancement of Filipino nationalism, culture and values as an instrument in the struggle for Filipino sovereignty, identity and national unity; WHEREAS, the PTNI received an Assessment Notice Letter from the BIR regarding its delinquent tax liabilities for various years with an outstanding balance of P1,120,473,026.72. WHEREAS, the PTNI applied for tax amnesty with the Bureau of Internal Revenue to cover its tax obligation amounting to P454,566,715.21; WHEREAS, considering PTNI's struggle to earn revenues as it simultaneously implements its mandate as the government's flagship television network, it seeks the government's resources in the form of tax subsidy to be able to settle the same; WHEREAS, Section 15 (c) of Republic Act No. 11465 or the 2020 General Appropriations Act (GAA) reiterates the authority of the Fiscal Incentives Review Board (FIRB) to grant tax subsidies; NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to approve the application for tax subsidy of the PTNI in the amount of Four Hundred Fifty-Four Million Five Hundred Sixty-Six Thousand Seven Hundred Fifteen and 21/100 (PhP434,566,715.21) only, covering PTNI's outstanding tax obligations, broken down as follows: cHDAIS Taxable Year Tax Type Basic Tax Partial Payment Remaining Balance Amnesty Rate Tax Payable 2003 WE 2,313,5856.71 * 250,000.00 2,063,856.71 100% 2,063,856.71 2003 WC 6,941,199.26 3,250,304.68 3,690,894.58 100% 3,690,894.58 2003 WE 1,442,687.35 1,442,687.35 100% 1,442,687.35 2003 WE 454,850.00 454,850.00 100% 454,850.00 2003 WC 2,745,320.69 2,745,320.69 - 100% - 2003 WE 452,688.74 452,688.74 - 100% - 2003 WE 309,859.18 309,859.18 - 100% - 2004 WE 6,788,978.10 250,000 6,538,978.10 100% 6,538,978.10 2004 FW 5,148,156.21 5,148,156.21 100% 5,148,156.21 2005 WE 2,233,911.10 2,233,911.10 100% 2,233,911.10 2005 WTC 3,675,865.04 3,675,865.04 100% 3,675,865.04 2006 WC 14,608,238.02 14,608,238.02 100% 14,608,238.02 2006 WE 2,521,428.10 2,521,428.10 100% 2,521,428.10 2006 WE 1,532,655.09 1,532,655.09 100% 1,532,655.09 2006 WT 104,329,692.10 250,000.00 104,079,692.10 100% 104,079,692.10 2007 WC 8,194,499.53 1,700,000.00 6,494,499.53 100% 6,494,499.53 2007 WE 141,241,806.30 250,000.00 140,991,806.30 100% 140,991,806.30 2007 FWT 10,800,346.65 10,800,346.65 100% 10,800,346.65 2009 WE 1,734,247.11 250,000.00 1,484,247.11 100% 1,484,247.11 2010 WE 4,141.254.87 4,141,254.87 - 100% - 2010 WE 1,460,980.96 1,460,980.96 - 100% - 2010 WTC 8,685,003.32 6,711,019.84 1,973,983.48 100% 1,973,983.48 2012 WG 3,610,099.21 3,610,099.21 100% 3,610,099.21 2012 WE 4,868,566.60 4,868,566.60 100% 4,868,566.60 2012 WC 7,331,017.59 7,331,017.59 100% 7,331,017.59 2013 WC 5,773,208.34 5,773,208.34 100% 5,773,208.34 2013 WE 5,993,105.10 5,993,105.10 100% 5,993,105.10 2013 FWT 5,660,947.39 5,660,947.39 100% 5,660,947.39 2003 IT 58,853,079.86 58,853,079.86 40% 23,541,231.94 2003 VT 4,380,151.31 4,380,151.31 40% 1,752,060.52 2004 IT 2,043,901.90 2,043,901.90 40% 817,560.76 2004 VT 20,562,018.20 20,562,018.20 40% 8,224,807.28 2005 IT 66,554,785.49 66,554,785.49 40% 26,621,914.20 2005 VT 16,448,810.23 16,448,810.23 40% 6,579,524.09 2006 VT 12,970,217.72 12,970,217.72 40% 5,188,087.09 2006 IT 2,160,440.90 2,160,440.90 40% 864,176.36 2006 VT 1,481,445.19 1,481,445.19 40% 592,578.08 2009 IT 40,169,118.32 40,169,118.32 40% 16,067,647.33 2009 VT 21,651,419.67 21,651,419.67 40% 8,660,567.87 2010 IT 1,503,073.98 1,503,073.98 - 40% - 2010 VT 11,262,807.85 11,262,807.85 - 40% - 2012 IT 67,115.00 67,115.00 40% 26,846.00 2012 VT 13,643,127.42 13,643,127.42 40% 5,457,250.97 2013 IT 17,998,557.57 17,998,557.57 40% 7,199,423.03 Total 454,566,715.21 Legend IT = Income Tax FW = Final Withholding Tax VT = Value-Added Tax WC = Withholding Tax Compensation WE = Withholding Tax Expanded WG = Withholding Tax VAT and Other Percentage Tax * Note from the Publisher: Copied verbatim from the official copy. Provided , that a Certificate of Entitle to Subsidy (CES) shall be issued covering P454,566,715.21 only representing the total amount of PTNI's tax obligation under its tax amnesty application. Provided further , that such availment shall be in accordance with the terms and conditions of Section 15 (c) of RA 11465 or the 2020 GAA, subject to the availability of funds therefor, pursuant to the terms and conditions of the Rules and Regulations to Implement the Subsidy Provision under Executive Order (EO) 93. (SGD.) LAURA B. PASCUA Undersecretary Department of Budget and Management (SGD.) CEFERINO S. RODOLFO Undersecretary Department of Trade and Industry (SGD.) ROSEMARIE G. EDILLON Deputy Director-General National Economic and Development Authority (SGD.) MARISSA O. CABREROS Deputy Commissioner Bureau of Internal Revenue (SGD.) REY LEONARDO B. GUERRERO Commissioner Bureau of Customs (SGD.) MARLENE LUCERO-CALUBAG OIC-Executive Director National Tax Research Center Head, FIRB Secretariat (SGD.) ANTONETTE C. TIONKO Undersecretary of Finance Presiding Officer-FIRB ANNEX A Coverage of the Certificate of Entitlement to Subsidy (CES) No. 0198 Per FIRB Resolution No. 2-20 Taxable Year Tax Type Basic Tax Partial Payment Remaining Balance Amnesty Rate Tax Payable 2003 WE 2,313,5856.71 * 250,000.00 2,063,856.71 100% 2,063,856.71 2003 WC 6,941,199.26 3,250,304.68 3,690,894.58 100% 3,690,894.58 2003 WE 1,442,687.35 1,442,687.35 100% 1,442,687.35 2003 WE 454,850.00 454,850.00 100% 454,850.00 2003 WC 2,745,320.69 2,745,320.69 - 100% - 2003 WE 452,688.74 452,688.74 - 100% - 2003 WE 309,859.18 309,859.18 - 100% - 2004 WE 6,788,978.10 250,000 6,538,978.10 100% 6,538,978.10 2004 FW 5,148,156.21 5,148,156.21 100% 5,148,156.21 2005 WE 2,233,911.10 2,233,911.10 100% 2,233,911.10 2005 WTC 3,675,865.04 3,675,865.04 100% 3,675,865.04 2006 WC 14,608,238.02 14,608,238.02 100% 14,608,238.02 2006 WE 2,521,428.10 2,521,428.10 100% 2,521,428.10 2006 WE 1,532,655.09 1,532,655.09 100% 1,532,655.09 2006 WT 104,329,692.10 250,000.00 104,079,692.10 100% 104,079,692.10 2007 WC 8,194,499.53 1,700,000.00 6,494,499.53 100% 6,494,499.53 2007 WE 141,241,806.30 250,000.00 140,991,806.30 100% 140,991,806.30 2007 FWT 10,800,346.65 10,800,346.65 100% 10,800,346.65 2009 WE 1,734,247.11 250,000.00 1,484,247.11 100% 1,484,247.11 2010 WE 4,141,254.87 4,141,254.87 - 100% - 2010 WE 1,460,980.96 1,460,980.96 - 100% - 2010 WTC 8,685,003.32 6,711,019.84 1,973,983.48 100% 1,973,983.48 2012 WG 3,610,099.21 3,610,099.21 100% 3,610,099.21 2012 WE 4,868,566.60 4,868,566.60 100% 4,868,566.60 2012 WC 7,331,017.59 7,331,017.59 100% 7,331,017.59 2013 WC 5,773,208.34 5,773,208.34 100% 5,773,208.34 2013 WE 5,993,105.10 5,993,105.10 100% 5,993,105.10 2013 FWT 5,660,947.39 5,660,947.39 100% 5,660,947.39 2003 IT 58,853,079.86 58,853,079.86 40% 23,541,231.94 2003 VT 4,380,151.31 4,380,151.31 40% 1,752,060.52 2004 IT 2,043,901.90 2,043,901.90 40% 817,560.76 2004 VT 20,562,018.20 20,562,018.20 40% 8,224,807.28 2005 IT 66,554,785.49 66,554,785.49 40% 26,621,914.20 2005 VT 16,448,810.23 16,448,810.23 40% 6,579,524.09 2006 VT 12,970,217.72 12,970,217.72 40% 5,188,087.09 2006 IT 2,160,440.90 2,160,440.90 40% 864,176.36 2006 VT 1,481,445.19 1,481,445.19 40% 592,578.08 2009 IT 40,169,118.32 40,169,118.32 40% 16,067,647.33 2009 VT 21,651,419.67 21,651,419.67 40% 8,660,567.87 2010 IT 1,503,073.98 1,503,073.98 - 40% - 2010 VT 11,262,807.85 11,262,807.85 - 40% - 2012 IT 67,115.00 67,115.00 40% 26,846.00 2012 VT 13,643,127.42 13,643,127.42 40% 5,457,250.97 2013 IT 17,998,557.57 17,998,557.57 40% 7,199,423.03 Total 454,566,715.21 Legend IT = Income Tax WC = Withholding Tax Compensation FW = Final Withholding Tax WE = Withholding Tax Expanded VT = Value-Added Tax WG = Withholding Tax VAT and Other Percentage Tax * Note from the Publisher: Copied verbatim from the official copy.