FIRB Resolution No. 012-89
FIRB Resolution No. 012-89 • Fiscal Incentives Review Board • Resolutions • Jul 6, 1989
Full text
July 6, 1989 FIRB RESOLUTION NO. 012-89 BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to endorse to the Department of Budget and Management the subsidy availment of the Armed Forces of the Philippines Commissary and Exchange Service and the Philippine Constabulary/Integrated National Police Service Stores System through the Department of National Defense, in the amount of P50 million only , representing taxes, duties and charges on items/commodities purchased and subsequently sold by these outlets to their intended beneficiaries, pursuant to the terms and conditions of Executive Order No. 76, as amended by FIRB Resolution No. 5-87. Provided , That the 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. Provided, Further , That the exemption privileges enjoyed by subject outlets which were restored temporarily by FIRB Resolution No. 5-87 are hereby withdrawn effective January 1, 1990. cdt (SGD.) VICTOR C. MACALINCAG Acting Secretary of Finance Chairman FIRB
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