National Kidney and Transplant Institute (1)

December 4, 2007 FIRB RESOLUTION NO. 014-07 SUBJECT MATTER : National Kidney and Transplant Institute (1) WHEREAS, the National Kidney and Transplant Institute (NKTI) provides specialized renal care services to a number of patients, with charity cases constituting a significant proportion thereof; HDIaST WHEREAS, the operations of the NKTI require the replacement of outdated equipment and continuing provisions of supplies and materials, most of which are not locally available or are not available in the quantity and/or quality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 NKTI to import said items and in the process incur taxes and duty liabilities thereon; WHEREAS, there is also a need to ensure that all importations covered by this tax subsidy grant will be used exclusively by the NKTI in its operations and not for other purposes; HcaDTE NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to grant tax subsidy to the NKTI in the amount of P7,424,652.00 representing the taxes and duties on its importations of various medical, laboratory and surgical equipment and supplies [fourteen (14) shipments with billings of the Bureau of Customs (BOC) dated January 17, 2007 to October 19, 2007]: Provided, however, that all hospital supplies, materials and equipment for which tax subsidy is granted shall form part of the regular inventory of the NKTI as certified to by the resident Commission on Audit (COA) auditor of the NKTI: Provided, furthermore, that the NKTI shall undertake steps/programs to improve the ratio of its charity patients vis--vis its paying patients and submit the results of such measures/programs to the FIRB on or before June 30, 2008: Provided, finally, that the grant of such tax subsidy shall be in accordance with the terms and conditions of Section 14 of the 2007 General Appropriations Act, subject to the availability of funds therefor, pursuant to the terms and conditions of the Rules and Regulations to Implement the Tax Subsidy Provisions under Executive Order No. 93. cDCIHT (SGD.) GIL S. BELTRAN Undersecretary of Finance Presiding Officer FIRB Reference: Joint FIRB-Technical Committee Meeting dated December 4, 2007.