National Food Authority (3)

December 15, 2009 FIRB RESOLUTION NO. 027-09 SUBJECT MATTER : National Food Authority (3) WHEREAS, the National Food Authority (NFA) still has unsettled duties due on its rice importations for the years 2004 and 2005 in the amount of P566,337,284.00; WHEREAS, the NFA is requesting for a reconsideration of its application for tax subsidy on its unsettled duties due on its rice importations for the years 2004 and 2005 which was previously denied by the FIRB per FIRB Resolution No. 21-08; WHEREAS, the FIRB has adopted as a matter of policy to limit the grant of the current year's tax subsidy to billings and/or assessments made by the Bureau of Internal Revenue/Bureau of Customs in the current year only; NOW, THEREFORE, BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to deny the request for reconsideration of the application for tax subsidy of the NFA corresponding to the unsettled duties due on its rice importations for the years 2004 and 2005 and which were correspondingly billed to it by the BOC on December 19 and 20, 2007. (SGD.) GIL S. BELTRAN Undersecretary of Finance Presiding Officer-FIRB Reference: Joint FIRB-Technical Committee Meeting dated December 15, 2009.