FIRB Resolution No. 009-89
FIRB Resolution No. 009-89 • Fiscal Incentives Review Board • Resolutions • Jul 6, 1989
Full text
July 6, 1989 FIRB RESOLUTION NO. 009-89 BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to endorse to the Department of Budget and Management the subsidy availment of the Philippine Aerospace Development Corporation in the amount of P10,353,690 . 00 only, representing customs duties and compensating taxes due on importations made by it from 1987 to 1989, inclusive, 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. Details of Customs Duties and Compensating Taxes Due From PADC Customs Duties and Year Compensating Taxes 1987 P3,938,908.00 1988 5,344,202.00 1989 1,070,380.00 Total P10,353,690.00 =========== (SGD.) VICTOR C. MACALINCAG Acting Secretary of Finance Chairman FIRB
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