Publishing the Amendment Effected by Presidential Decree No. 69 to Section 347 of Title X of the National Internal Revenue Code

January 17, 1973 REVENUE MEMORANDUM CIRCULAR NO. 10-73 SUBJECT : Publishing the Amendment Effected by Presidential Decree No. 69 to Section 347 of Title X of the National Internal Revenue Code TO : All Internal Revenue Officers and Other Concerned For the information and guidance of all concerned, there is published below Section 347 of Title X of the National Internal Revenue Code, as amended by Presidential Decree No. 69. TITLE X MISCELLANEOUS ADMINISTRATIVE PROVISIONS "SEC. 347. Unlawful Divulgence of Trade Secrets . Except as provided in Section 81 of this Code and Section 26 of Republic Act Numbered Six Thousand Three Hundred Eighty-Eight, any officer or employee of the Bureau of Internal Revenue who divulges to any person or makes known in any other manner than may be provided by law information regarding the business, income, or inheritance of any taxpayer, the secrets, operation, style of work, or apparatus of any manufacturer or producer, or confidential information regarding the business of any taxpayer, knowledge of which was acquired by him in the discharge of his official duties, shall be fined in a sum of not more than two thousand pesos or imprisoned for a term of not less than six months nor more than five years, or both." FEATURES OF THE AMENDMENT Amendment to Section 347 . Unlawful Divulgence of Trade Secrets . The amendment merely included, also as an exception to the inhibition against the unlawful divulgence prescribed in this section, the divulgence incident to the enforcement of R.A. No. 6388, the Election Code of 1971. EFFECTIVITY The amendment to Section 347 or the National Internal Revenue Code takes effect on January 1, 1973. ENFORCEMENT All internal revenue officers and other concerned are enjoined to be guided accordingly and to give this circular as wide a publicity as possible. aisa dc MISAEL P. VERA Commissioner of Internal Revenue APPROVED: CESAR VIRATA Secretary of Finance