Philippine Heart Center (1)
FIRB Resolution No. 009-05 • Fiscal Incentives Review Board • Resolutions • Dec 7, 2005
Full text
December 7, 2005 FIRB RESOLUTION NO. 009-05 SUBJECT : Philippine Heart Center (1) WHEREAS, the Philippine Heart Center (PHC) provides specialized heart care services to a number of patients, most of whom are classified as indigents; WHEREAS, the operations of the PHC require the replacement of outdated equipment and continuing provisions of supplies and materials, most of which are not locally available or are not available in the quantity and/or quality required, thus prompting the PHC to import said items and in the process incur tax and duty liabilities thereon. WHEREAS, there is also a need to ensure that all importations covered by this tax subsidy grant will be used exclusively by the PHC in its operations and not for other purposes; NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to grant tax subsidy to the PHC in the amount of P9,252,552.00 only representing taxes and duties on its 2005 importations of hospital supplies, materials and equipment per Annex A hereof: Provided, however , that (a) the initial issuance of the Certificate of Entitlement to Subsidy (CES) shall be limited to the amount of P3,927,393.00 only , representing taxes and duties due on 28 shipments with billings of the Bureau of Customs (BOC) that arrived from January 5, 2005 to September 24, 2005; and (b) the subsequent CES shall be issued upon the submission by the PHC to the FIRB of required billings and/or documents evidencing the importations: Provided, further , that all hospital supplies, materials and equipment for which tax subsidy is granted shall form part of the regular inventory of the PHC as certified to by the resident Commission on Audit (COA) auditor of the PHC: Provided, finally , that the grant of such tax subsidy shall be in accordance with the terms and conditions of Section 14 of the 2005 General Appropriations Act, subject to the availability of funds therefor, pursuant to the terms and conditions of the Rules and Regulations to Implement the Tax Subsidy Provisions Under Executive Order No. 93. FOR THE FIRB: (SGD.) LINA D. ISORENA Executive Director Head, FIRB Secretariat Reference: Joint FIRB-Technical Committee Meeting dated December 7, 2005 ANNEX A 2005 TAX SUBSIDY ENDORSED FOR THE PHILIPPINE HEART CENTER: COVERAGE OF THE FIRST CES NO. SHIPMENT DESCRIPTION IMPORT ENTRY DATE OF ARRIVAL CUSTOMS INTERNAL TOTAL (A+B) DUTY (A) REVENUE TAX (B) 1 1 CARTON STC: 3 PCS COOLEY PATENT 1695 5-Jan-05 1,372.00 14,460.00 15,832.00 DACTUS CLAMP 6 1/4 STR. SHAFTS 3 PCS COOLEY PAT. 2 4 PALLETS STC: 5 UNITS CENTENARY 6679 12-Jan-05 26,256.00 90,904.00 117,160.00 PEDIATRIC BED (MANUAL) W/ CARTOON CHARACTER 3 1 PKG.STC:1 UNIT SINGLE CHAMBER 6820 20-Jan-05 4,680.00 47,965.00 52,645.00 TEMPORARY PACEMAKER AND 1 UNIT DUAL CHAMBER 4 85 CARTONS STC: 170 PCS HOLLOW 64825 20-Jan-05 18,934.00 192,337.00 211,271.00 FIBER OXYGENATOR 5 5 PALLETS STC: 4 UNITS STOCKTON AGE 13392 29-Jan-05 27,404.00 94,961.00 122,365.00 APPROPRIATE BED 36X72 W/ MANUAL GATCH COMPLETE 6 1 PALLET STC: 1 UNIT AKRON STANDARD 13389 2-Feb-05 7,993.00 28,107.00 36,100.00 TILT TABLE MODEL 8622 7 1X20 CNTR. STC: 88 CTNS. MEDICAL 10966 7-Feb-05 30,060.00 305,009.00 335,069.00 INSTRUMENTS 8 1 PALLET STC: 1 UNIT HENNY PENNY 19366 16-Feb-05 11,587.00 117,822.00 129,409.00 COMBI STEAMER SMART COOKING SYSTEM MODEL SCG-20 9 43 CNTS. STC: 170 PCS ADULT CSS 14593 1-Feb-05 1,876.00 19,662.00 21,538.00 HEART AND LUNG TUBING PACK W/ ARTERIAL Fl. 10 5 CARTONS STC: 30 PCS. INFANT TUBING 14599 16-Feb-05 10,940.00 11,404.00 22,344.00 PACK 11 2 SKIDS STC:18 UNITS ACC 1 NARCOTIC 24380 26-Feb-05 152,391.00 117,733.00 270,124.00 CABINET W/ WATER LOCK 12 1X20 CNTR. STC: 9 CASES OF 261 PCS. 25801 5-Mar-05 82,181.00 91,419.00 173,600.00 10MM. INDOSAFE CLEAR TEMPERED FLAT GLASS 13 1 CARTON STC: 80 PCS. MULTIFLOW 50S 25310 22-Mar-05 5,836.00 59,683.00 65,519.00 14 13 CARTONS STC: 24 SETS CAPIOX 44303 18-Apr-05 4,587.00 46,988.00 51,575.00 OXYGENATORS CAPIOX BABY RX (HOLLOW FIBER) 15 1 CASE STC: 7 PCS. OF 10MM INDOSAFE 52895 7-May-05 4,560.00 5,442.00 10,002.00 CLEAR TAMPERED FLAT GLASS 16 2 CARTONS STC: 72 PCS, POLYSTAN 40173 13-May-05 14,589.00 148,345.00 162,934.00 MINI OXYGENATOR 017020 17 8 CARDBOARD BOXES STC: 30 PCS. 46176 6-Jun-05 4,063.00 41,729.00 45,792.00 ED034- OSIM II-06 PLUS INFANT MEMBRANE OXYGENATOR 18 1 CARTON STC: 5 SETS TORAY INOUE 46919 2-Jun-05 4,112.00 42,216.00 46,328.00 BALLOON PMTC 26 19 31 CARTONS STC: 100 SETS CAPIOX 43155 2-Jun-05 19,445.00 197,524.00 216,969.00 SX10R- PEDIATRIC (HOLLOW FIBER MEMBRANE OXYGENATOR 20 5 PALLETS STC:11 PCS. MODEL BSG-200 62262 4-Jun-05 16,867.00 58,674.00 75,541.00 VISTA BEDSIDE CABINET AND 11 PCS. MODEL OBT-210 21 1 CARTON STC: COOLEY SUMP SUCTION 51242 11-Jun-05 8,788.00 89,618.00 98,406.00 TUBE, ANGLE, ETC 22 6 PKGS. STC:170 PCS POLYSTAN MAXI 57825 11-Jul-05 23,969.00 243,319.00 267,288.00 OXYGENATOR 016020 23 2 PKGS.STC: 90 PCS POLYSTAB SC 60 57819 11-Jul-05 6,142.00 62,801.00 68,943.00 PLUS 24 1 PKG. STC: MILRINONE LACTATE 67299 6-Aug-05 10,642.00 22,930.00 33,572.00 25 1 CARTON STC: 4 UNITS PEDIATRIC 74554 29-Aug-05 63,394.00 642,505.00 705,899.00 ADULT MECHANICAL VENTILATOR 26 87 CARTONS STC: 170 SETS DIDECO 78134 9-Sep-05 25,879.00 262,655.00 288,534.00 COMPACTFLO ADULT EVO MEMBRANE OXYGENATOR 27 85 CARTONS STC: COBE OPTIMA XP 78124 13-Sep-05 23,413.00 237,691.00 261,104.00 28 1 CARTON STC: FINLAND COMMODE 107245 24-Sep-05 4,718.00 16,812.00 21,530.00 Total 616,678.00 3,310,715.00 3,927,393.00
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.