Publishing Memorandum Circular No. 623 of the Honorable, the Executive Secretary, Office of the President dated February 13, 1973

February 22, 1973 REVENUE MEMORANDUM CIRCULAR NO. 23-73 SUBJECT : Publishing Memorandum Circular No. 623 of the Honorable, the Executive Secretary, Office of the President dated February 13, 1973 TO : All Internal Revenue Officers and Others Concerned For the information, guidance and compliance of all internal revenue officers and others concerned there is quoted hereinbelow Memorandum Circular No. 623, Office of the President dated February 13, 1973: "MEMORANDUM CIRCULAR NO. 623 "AUTHORIZING THE SECRETARY OF LOCAL GOVERNMENT AND COMMUNITY DEVELOPMENT TO ACT ON REQUESTS OF LOCAL GOVERNMENT FOR EXEMPTIONS UNDER THE PROVISIONS OF MEMORANDUM CIRCULAR NO. 593, SERIES OF 1972. "WHEREAS, Memorandum Circular No. 593 dated August 8, 1972, directs all departments, bureaus and offices, including government-owned or controlled corporations and local subdivisions to comply with all policy pronouncements of this Office embodying certain restrictions on government expenditures; WHEREAS, the aforesaid restrictions contained in 12-policy guidelines are all aimed at effecting economy in operations and preventing wastage in the use of manpower, equipment and supplies without impairing the efficient performance of the offices concerned; "WHEREAS, it is imperative that the Department of Local Government and Community Development, in the exercise of its functions to assist the President of the Philippines in the supervision of local governments, act on requests of local governments for exemptions under the provisions of Memorandum Circular No. 593 dated August 8, 1972; "WHEREFORE, the Secretary of Local Government and Community Development is hereby authorized to exercise his sound discretion in acting on the aforesaid requests and to grant exemptions on a case-to-case basis, provided that such requests are warranted, necessary and essential to the public service. It is understood that the exceptions to be granted under this authority shall not apply to the following cases: "a. Purchase of motor vehicles and other supplies and equipment which are not essential for public service; "b. Authority to undertake financing arrangements with private financing institutions or banks; and "c. All cases of expenditures when the status of funds of the local units do not justify such expenditures. "This Circular takes effect immediately. "By authority of the President: "(SGD.) ALEJANDRO MELCHOR "Executive Secretary "Manila, February 13, 1973 All officials and employees of this Bureau are hereby enjoined to comply with the above circular. aisa dc MISAEL P. VERA Commissioner of Internal Revenue