Philippine Heart Center (1)

November 3, 2011 FIRB RESOLUTION NO. 010-11 SUBJECT MATTER : 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of patients, most of whom are classified as indigents; WHEREAS, the operations of the PHC require the replacement of outdated equipment and continuing provisions of supplies and materials, most of which are not locally available or are not available in the quantity and/or quality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, the Center for Device Regulation, Radiation Health and Research of the Department of Health (DOH) has certified that the equipment, supplies and materials to be imported are not locally available in sufficient quantity, of comparable quality and at reasonable prices; WHEREAS, the PHC does not have the financial capacity to assume the burden of the taxes and duties on its importations of hospital equipment, supplies and materials; 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 ONE MILLION ONE HUNDRED NINETY FIVE THOUSAND THREE HUNDRED THIRTY FIVE PESOS (P1,195,335.00) only, representing taxes and duties on its 2011 importations of hospital equipment, supplies and materials: Provided that: (a) the initial issuance of the corresponding Certificate of Entitlement to Subsidy (CES) shall be limited to the amount of P1,138,110.00 only, representing the taxes and duties on importation [eleven (11) shipments] with billings from the Bureau of Customs (BOC); (b) the subsequent CES shall be issued only upon the submission by the PHC to the FIRB of the required billings and/or documents evidencing the importations: Provided further, that all hospital equipment, supplies and materials for which tax subsidy is granted shall form part of the regular inventory of the PHC 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 13 of Republic Act (RA) No. 10147 or the 2011 General Appropriations Act, 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. cDCaTS (SGD.) LAURA B. PASCUA Undersecretary Department of Budget and Management (SGD.) CRISTINO L. PANLILIO Undersecretary Department of Trade and Industry (SGD.) MARGARITA R. SONGCO Deputy Director-General National Economic and Development Authority (SGD.) MARISSA O. CABREROS Assistant Commissioner Bureau of Internal Revenue (SGD.) ATTY. CLARENCE S. DIZON OIC, Collection Service (SGD.) RAMON G. CUYCO Director Bureau of Customs (SGD.) TRINIDAD A. RODRIGUEZ Officer-In-Charge National Tax Research Center Head, FIRB Secretariat (SGD.) GIL S. BELTRAN Undersecretary of Finance Presiding Officer-FIRB