Clarifying the Scope of Presidential Decree No. 1955
Ministry Order No. 39-84 • Department of Finance • DOF Orders • Oct 15, 1984
Full text
October 15, 1984 MINISTRY ORDER NO. 39-84 ( Declared Superseded by D.O. 29-16) CLARIFYING THE SCOPE OF PRESIDENTIAL DECREE NO. 1955 SECTION 1. The withdrawal of exemptions from, or any preferential treatment in, the payment of duties, taxes, fees, imposts and other charges as provided for under Presidential Decree No. 1955, does not apply to exemptions or preferential treatment embodied in the following laws: acd a. The National Internal Revenue Code, as amended; b. The Tariff and Customs Code, as amended; c. The Local Tax Code as amended; and d. The Real Property Tax Code. SECTION 2. Notwithstanding the provisions of Section 1(a) above, any exemption from or preferential treatment in the tax on interest income from bank deposits and yield or any other monetary benefit from deposits substitutes, trust funds and other similar arrangements shall remain withdrawn pursuant to Sections 21 (d), 24 (cc) and 53 (d) (1) of the National Internal Revenue Code, as amended. aisa dc SECTION 3. This Order shall take effect October 15, 1984. (SGD.) ALFREDO PIO DE RODA, JR. Acting Minister
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