FIRB Resolution No. 006-14
FIRB Resolution No. 006-14 • Fiscal Incentives Review Board • Resolutions • Aug 15, 2014
Full text
August 15, 2014 FIRB RESOLUTION NO. 006-14 WHEREAS, the National Kidney and Transplant Institute (NKTI) provides specialized renal care services to a number of patients, with charity cases constituting a significant proportion thereof; WHEREAS, the operations of the NKTI require the continuing provision of Kidney Perfusion Machine (LifePort Kidney Transporter) which is not locally available or is not available in the quantity and/or quality required, thus prompting the NKTI to import said machine and in the process incur tax and duty liabilities thereon; WHEREAS, the NKTI does not have the financial capacity to assume the burden of the taxes and duties on its importations of laboratory and surgical supplies; WHEREAS, there is also a need to ensure that all importations covered by this tax subsidy grant will be used exclusively by the NKTI in its operations and not for other purposes; NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to grant tax subsidy to the NKTI in the amount of TWO HUNDRED FIFTY THOUSAND SEVEN HUNDRED SIXTY TWO AND 50/100 PESOS (PhP250,762.50) only, representing taxes and duties on its importation of two (2) units of Kidney Perfusion Machine (LifePort Kidney Transporter): Provided, that: (a) the corresponding Certificate of Entitlement to Subsidy (CES) shall be issued upon submission of the billings on the account of NKTI from the Bureau of Customs (BOC); and (b) the two (2) units of Kidney Perfusion Machine (LifePort Kidney Transporter) for which tax subsidy is granted shall form part of the regular inventory of the NKTI as certified to by its resident Commission on Audit (COA) auditor. Provided, finally, that such availment shall be in accordance with the terms and conditions of Section 15 of Republic Act (RA) No. 10633 or the 2014 General Appropriations Act (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 No. 93. TcDaSI (SGD.) LAURA B. PASCUA Undersecretary Department of Budget and Management (SGD.) ADRIAN S. CRISTOBAL, JR. Undersecretary Department of Trade and Industry EMMANUEL F. ESGUERRA Deputy Director-General National Economic and Development Authority (SGD.) ESTELA V. SALES Deputy Commissioner Bureau of Internal Revenue (SGD.) ALEXIS F. MEDINA Director Bureau of Customs (SGD.) TRINIDAD A. RODRIGUEZ OIC-Executive Director National Tax Research Center Head, FIRB Secretariat (SGD.) JEREMIAS N. PAUL, JR. Undersecretary of Domestic Finance Group Presiding Officer-FIRB
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