Cancellation of Assessment Notices Issued to the AFP MBAI
Letter of Instructions No. 827, issued on March 7, 1979, by President Ferdinand E. Marcos, addresses the tax status of the Armed Forces of the Philippines Mutual Benefit Association, Incorporated (AFP MBAI). The letter acknowledges that AFP MBAI, managed by the Chief of Staff of the AFP, had been assessed substantial unpaid taxes due to a prior belief in its tax-exempt status as a mutual benefit association. To prevent adverse effects on its operations and the morale of AFP personnel, the President ordered the cancellation of tax assessments and declared AFP MBAI exempt from all taxes, directing the issuance of a tax exemption certificate.
Quick Answers
- What is Cancellation of Assessment Notices Issued to the AFP MBAI about?
- Letter of Instructions No. 827, issued on March 7, 1979, by President Ferdinand E. Marcos, addresses the tax status of the Armed Forces of the Philippines Mutual Benefit Association, Incorporated (AFP MBAI). The letter acknowledges that AFP MBAI, managed by the Chief of Staff of the AFP, had been assessed substantial unpaid taxes due to a prior belief in its tax-exempt status as a mutual benefit association. To prevent adverse effects on its operations and the morale of AFP personnel, the President ordered the cancellation of tax assessments and declared AFP MBAI exempt from all taxes, directing the issuance of a tax exemption certificate.
- What type of law is Letter of Instructions No. 827?
- Cancellation of Assessment Notices Issued to the AFP MBAI (Letter of Instructions No. 827) is a Philippine Presidential Issuances enacted by the Congress of the Philippines.
- When was Cancellation of Assessment Notices Issued to the AFP MBAI enacted?
- Cancellation of Assessment Notices Issued to the AFP MBAI (Letter of Instructions No. 827) was enacted on Mar 7, 1979.
- What is the citation for Cancellation of Assessment Notices Issued to the AFP MBAI?
- Cancellation of Assessment Notices Issued to the AFP MBAI, Letter of Instructions No. 827, Mar 7, 1979 (Philippines)
Law Information
- Reference Number
- Letter of Instructions No. 827
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
March 7, 1979
LETTER OF INSTRUCTIONS NO. 827
| TO | : | Commissioner of Internal Revenue |
| Bureau of Internal Revenue Building | ||
| Quezon City |
WHEREAS, the Armed Forces of the Philippines Mutual Benefit Association, Incorporated (AFP MBAI),has been operating as an integral part of the AFP, providing life and non-life insurance services to the AFP, members of the AFP and the INP;
WHEREAS, the said entity has been placed under the management, operation, and control of the Chief of Staff, AFP through an interim committee, since June 19, 1973, and continued under Presidential LOI No. 333 dated November 6, 1975;
WHEREAS, the Armed Forces of the Philippines Mutual Benefit Association, Incorporated was assessed by the Bureau of Internal Revenue the amount of P3,724,358.50; as unpaid income tax; P10,433.85 as additional residence tax; and P224,167.07 as unaffixed documentary and science stamp taxes, for the years 1966 to 1970;
WHEREAS, the failure to pay the above taxes were due to the honest belief of the management of the Association prior to the take over by the Chief of Staff, AFP, that said entity as a mutual benefit association is tax-exempt under Section 27 (c) of the National Internal Revenue Code; acd
WHEREAS, the collection of the said taxes would have adverse effects on AFP MBAI operations considering the very substantial amount involved and thereby prejudice the performance of its vital functions in the promotion of the morale and welfare of AFP personnel and its contribution to the national security;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, pursuant to Proclamation No. 1081, dated September 21, 1972, by virtue of the powers vested in me by the Constitution do hereby order you, to;
1. Cancel the assessment notices issued to the AFP MBAI dated July 16, 1973 and July 25, 1973 above mentioned;
2. To consider the said Armed Forces of the Philippines Mutual Benefit Association, Incorporated (AFP MBAI) exempt from all kinds of taxes and to issue the certificate of exemption. aisa dc
DONE in the City of Manila, Philippines, this 7th day of March, in the year of Our Lord, Nineteen Hundred and Seventy-Nine. acd
Cite This Law
Cancellation of Assessment Notices Issued to the AFP MBAI, Letter of Instructions No. 827, Mar 7, 1979 (Philippines)
Cancellation of Assessment Notices Issued to the AFP MBAI, Letter of Instructions No. 827 (Phil. 1979)
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