Exemption from Miller's Tax of Sales of Coconut Oil to the PNOC
Letter of Instructions No. 1361, issued on November 2, 1983, aims to support the government's coco-diesel program by granting tax exemptions. It directs the Bureau of Internal Revenue and relevant organizations to exempt sales of coconut oil to the Philippine National Oil Company from millers' tax, considering these sales as export sales. Additionally, it mandates the creation of necessary regulations for implementation in consultation with involved agencies. The instruction is retroactively effective for sales from September 1, 1982, and June 16, 1993, for different entities.
Law Information
- Reference Number
- Letter of Instructions No. 1361
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 2, 1983
LETTER OF INSTRUCTIONS NO. 1361
| TO | : | The Commissioner, Bureau of Internal Revenue; The President, Philippine National Oil Company; The Chairman, Philippine Coconut Authority; The President, United Coconut Oil Mills |
To ensure the success of the coco-diesel program of the Government and in fairness to the firms/entities participating therein in line with the rationalization of the coconut oil milling industry, you are hereby directed as follows:
1. All sales of coconut oil to the Philippine National Oil Company intended for diesel fuel usage and/or the corporation authorized to be organized under LOI 926 by coconut oil mills/millers/desiccators, besides being considered and recognized as export sales pursuant to LOI 1332, shall, in addition to the exemptions provided in Executive Order 827, be exempted likewise from the millers' tax. cdt
2. The Bureau of Internal Revenue shall, in consultation with the Philippine National Oil Company, the Philippine Coconut Authority and the corporation authorized to be organized under LOI 926 and other agencies concerned, promulgate the necessary rules, regulations and orders to implement this instruction.
3. This instruction shall take effect retroactive to 1 September 1982 regarding sales to the Philippine National Oil Company, and to 16 June 1993 regarding sales to the corporation authorized to be organized under LOI 926.
ISSUED this 2nd day of November, in the year of Our Lord, Nineteen Hundred and Eighty-Three.
Cite This Law
Exemption from Miller's Tax of Sales of Coconut Oil to the PNOC, Letter of Instructions No. 1361, Nov 2, 1983 (Philippines)
Exemption from Miller's Tax of Sales of Coconut Oil to the PNOC, Letter of Instructions No. 1361 (Phil. 1983)
Related Laws
- Amendment to E.O. No. 827 (s. 1982) Re: Exemption of Coconut Oil from Coconut Levy and Specific TaxExecutive Order No. 1075 • Dec 26, 1985 • Presidential Issuances
- Recognition of All Sales of Coconut Oil to the PNOC as Export SalesLetter of Instructions No. 1272 • Oct 25, 1982 • Presidential Issuances
- Recognition of Sales of Coconut Oil to the PNOC as Export SalesLetter of Instructions No. 1332 • Jun 16, 1983 • Presidential Issuances
- Release to PNOC of Funds for Spot Purchase of Diesel Oil and Naphta from KuwaitLetter of Instructions No. 848 • Apr 18, 1979 • Presidential Issuances
- Rationalization of the Coconut Oil Milling IndustryLetter of Instructions No. 926 • Sep 3, 1979 • Presidential Issuances
- Submission by the PNOC of a Statement of Actual Cost Differential Incurred in Importing Crude OilLetter of Instructions No. 187 • May 21, 1974 • Presidential Issuances
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