Clarifying the Scope of Presidential Decree No. 1931
Ministry Order No. 40-84 • Department of Finance • DOF Orders • Nov 27, 1984
Full text
November 27, 1984 MINISTRY ORDER NO. 40-84 CLARIFYING THE SCOPE OF PRESIDENTIAL DECREE NO. 1931 Further to the Ministry Order No. 39-84, the withdrawal of the exemption from or any preferential treatment in the payment of duties, taxes, fees, imposts and other charges of government-owned and controlled corporations including their subsidiaries, under Presidential Decree No. 1931 shall not apply to the exemptions or preferential treatment which are provided in the four basic Codes, i.e. the National Internal Revenue Code, as amended the Tariff and Customs Code, as amended, the Local Tax Code, as amended, and the Real Property Tax Code, as amended. Interest income earned on or after October 5, 1984, as provided for under Sec. 2 of Ministry Order No. 39-84 shall be taxable. This Order shall take effect June 1, 1984. (SGD.) ALFREDO PIO DE RODA, JR. Acting Minister
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