Withdrawal of Tax Exemption Privileges Previously Enjoyed by the Armed Forces of the Philippines Commissary (AFPCES) and the Philippine Constabulary/Integrated National Police Service Store System (PC/INPSSS) Starting January 1, 1990

February 9, 1990 REVENUE MEMORANDUM CIRCULAR NO. 014-90 SUBJECT : Withdrawal of Tax Exemption Privileges Previously Enjoyed by the Armed Forces of the Philippines Commissary (AFPCES) and the Philippine Constabulary/Integrated National Police Service Store System (PC/INPSSS) Starting January 1, 1990 TO : All Internal Revenue Officers and Others Concerned For your information and guidance, the entire text of the Fiscal Incentives Review Board Resolution No. 12-89 dated July 6, 1989 is reproduced hereunder: cd i "FISCAL INCENTIVES REVIEW BOARD RESOLUTION NO. 12-89 BE IT RESOLVED, AS IT IS HEREBY RESOLVED, to endorse to the Department of Budget and Management the subsidy availment of the Armed Forces of the Philippines Commissary and Exchange Service and the Philippine Constabulary/Integrated National Police Service Stores System through the Department of National Defense, in the amount of P50 million only, representing taxes, duties and charges on items/commodities purchased and subsequently sold by these outlets to their intended beneficiaries, pursuant to the terms and conditions of Executive Order No. 76, as amended by FIRB Resolution No. 5-87. Provided , That the amount shall be chargeable against the Tax Expenditures Fund, pursuant to the terms and conditions of the Rules and Regulations to Implement the Subsidy Provision Under Executive Order No. 93. Provided, Further , That the exemption privileges enjoyed by subject outlets which were restored temporarily by FIRB Resolution No. 5-87 are hereby withdrawn effective January 1, 1990. aisa dc (Sgd.) VICTOR C. MACALINCAG Acting Secretary of Finance Chairman - FIRB" You are therefore urged to give this Circular the widest publicity possible so that the information on the withdrawal of exemption of AFPCES and PC/INPSSS as of January 1, 1990 and their grant of a P50M subsidy can be disseminated. (SGD.) JOSE U. ONG Commissioner of Internal Revenue