National Kidney and Transplant Institute
FIRB Resolution No. 004-01 • Fiscal Incentives Review Board • Resolutions • Dec 11, 2001
Full text
December 11, 2001 FIRB RESOLUTION NO. 004-01 SUBJECT : National Kidney and Transplant Institute WHEREAS, the National Kidney and Transplant Institute (NKTI) provides specialized renal care services to a number of patients, most of whom are charity cases; WHEREAS, the operations of the NKTI require the replacement of outdated equipment which are not locally available, thus prompting the NKTI to import said items and in the process incur tax and duty liabilities thereon. NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to grant tax subsidy to the NKTI in the amount of P3,667,202.00 only: representing the taxes and duties due on NKTI's importations for 2001: Provided, That the grant of such tax subsidy shall be in accordance with the terms and conditions of Section 13 of the 2001 General Appropriations Act, subject to the availability of funds therefore, pursuant to the terms and conditions of the Rules and Regulations to Implement the Tax Subsidy Provisions Under Executive Order No. 93. ASETHC (SGD.) NIEVES L. OSORIO Undersecretary of Finance Presiding Officer FIRB Reference: FIRB-Technical Committee Meeting dated December 10, 2001 FIRB Meeting dated December 11, 2001
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