Philippine National Police Service Stores System (PNPSSS) (1)

December 7, 2005 FIRB RESOLUTION NO. 011-05 SUBJECT : Philippine National Police Service Stores System (PNPSSS) (1) WHEREAS, commissary services and post exchange (PX) facilities are intended to augment benefits (e.g., salaries and allowances) of police personnel in recognition of their work in the area of peace and order. WHEREAS, such services and facilities are recognized as integral adjuncts of the police sector on a global basis; WHEREAS, to ensure that said commissary services and post exchange facilities would be able to achieve their objective, the Philippine National Police Service Stores System (PNPSSS) has applied for tax subsidy in the amount of P8,841,862.00 to cover the taxes due on items purchased and sold by it to its intended beneficiaries; WHEREAS, a similar provision of tax subsidy was already extended to the Armed Forces of the Philippines Commissary and Exchange Services. WHEREAS, there is also a need to ensure that the benefits of these services and facilities are extended also to qualified members of the police sector for reason of parity; NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to approve the application for tax subsidy availment of the PNPSSS in the amount of P8,841,862.00 only , representing the taxes on items purchased and subsequently sold by its outlets to their intended beneficiaries only per Annex A: Provided, however , that the PNPSSS shall: (1) formulate a system by which commissary privileges would be confined solely to intended beneficiaries and monitor the amount of purchases made by said beneficiaries to ensure that it conform with the prescribed limits; (2) submit itself to an annual audit by the Commission on Audit or a reliable independent auditor; and (3) cause to be marked on all items entitled to tax subsidy herein granted the words "Tax Subsidized by the Philippine Government": Provided further , that such availment 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 Subsidy Provision Under Executive Order No. 93. aCTHDA FOR THE FIRB: (SGD.) LINA D. ISORENA Executive Director Head, FIRB Secretariat Reference: Joint FIRB-Technical Committee Meeting dated December 7, 2005 ANNEX A PHILIPPINE NATIONAL POLICE SERVICE STORES SYSTEM TAX SUBSIDY REQUIREMENT FOR 2005 PURCHASES FOR 2005 Merchandise P71,341,297.00 Textile 7,044,953.00 Pharma 6,688,247.00 POLTBA 3,344,123.00 Total Purchases P88,418,619.00 Input VAT Rate 10% Total Input VAT P8,841,861.90 Prepared by: Certified correct by: (Sgd.) Pomposa D.C. Andres (Sgd.) Wilson Hadrian C. Lucente Chief Accountant Finance Manager