Requirements for Subsidy Availment Application

December 9, 1994 FIRB RESOLUTION NO. 043-94 SUBJECT : Requirements for Subsidy Availment Application BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to amend FIRB Resolution No. 29-90, as amended by FIRB Resolution Nos. 33-90 and 2-93 (Additional requirements for subsidy availment applications) to read, as follows: "BE IT RESOLVED, AS IT IS HEREBY RESOLVED, That pursuant to Rule III of the Rules and Regulations to Implement the Subsidy Provision Under Executive Order No. 93, there are hereby added to the requirements for subsidy availment applications the following: 1. Opinion of the Corporate Affairs Group of the Department of Finance; 2. Copy of the latest Income Tax Return duly filed with the Bureau of Internal Revenue; 3. Statement under oath of the details of investments made by the applicants, including income therefrom; and 4. STATEMENT UNDER OATH THAT IMPORTATIONS FOR WHICH TAXES AND DUTIES ARE SOUGHT TO BE SUBSIDIZED BY THE FIRB SHALL BE USED DIRECTLY AND EXCLUSIVELY IN THE PURSUIT OF THE APPLICANT'S MANDATED FUNCTIONS, AS DEFINED IN ITS CHARTER AND/OR ENABLING LAW." (SGD.) JUANITA D. AMATONG Undersecretary of Finance Presiding Officer FIRB References : FIRB Technical Committee Meeting dated December 7, 1994 FIRB Meeting dated December 8, 1994