FIRB Resolution No. 006-89

July 6, 1989 FIRB RESOLUTION NO. 006-89 BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to endorsed to the Department of Budget and Management the subsidy availment of the Bureau of Treasury in the amount of P289 million only , representing documentary stamp taxes due therefrom for the Treasury Bills, Notes and Bonds issued for CY 1989, as herein specifically described: Provided , That such amount shall be chargeable against the Tax Expenditures Fund, pursuant to the terms and conditions of the Rules and Regulations to Implement the Subsidy Provision Under Executive Order No. 93; Provided, Further , That effective January 1, 1990, any amount for documentary stamp tax that may be incurred by the Bureau of Treasury in connection with its flotation of government securities shall be provided for by the Bureau of Treasury in its annual budgetary request. Details of Documentary Stamp Taxes Due from the Bureau of Treasury (in million pesos) Government 1st 2nd 3rd 4th Securities Qtr. Qtr. Qtr. Qtr. Total Tax T/Bills 71,290 78,000 73,210 52,500 275,000 275 T/Notes 2,700 6,000 1,300 0 10,000 10 T/Bond 0 2,000 2,000 0 4,000 4 289,000 289 (SGD.) VICTOR C. MACALINCAG Acting Secretary of Finance Chairman FIRB