Philippine Heart Center (1)

November 8, 2012 FIRB RESOLUTION NO. 011-12 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; SHIETa WHEREAS, the operations of the PHC require the continuing provision of pediatric oxygenators 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 pediatric oxygenators 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 pediatric oxygenator; 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 TWO HUNDRED TEN THOUSAND NINE HUNDRED SIXTY EIGHT PESOS (PhP210,968.00) only, representing taxes and duties on its importations of pediatric oxygenators: Provided that: the corresponding Certificate of Entitlement to Subsidy (CES) shall be issued covering the amount of PhP210,968.00 only, representing the taxes and duties on importation [two (2) shipments] with billings from the Bureau of Customs (BOC): Provided further ; that all pediatric oxygenators 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. 10155 or the 2012 General Appropriations Act (GAA), 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. (SGD.) LAURA B. PASCUA Undersecretary Department of Budget and Management (SGD.) ADRIAN S. CRISTOBAL, JR. Undersecretary Department of Trade and Industry (SGD.) EMMANUEL F. ESGUERRA Deputy Director-General National Economic and Development Authority (SGD.) MARISSA O. CABREROS Assistant Commissioner Bureau of Internal Revenue (SGD.) RAMON G. CUYCO Director Bureau of Customs (SGD.) TRINIDAD A. RODRIGUEZ Officer-in-Charge National Tax Research Center Head, FIRB Secretariat (SGD.) JEREMIAS N. PAUL, JR. Undersecretary Department of Finance Presiding Officer-FIRB