Suspended Implementation of Sec. 192 of NIRC Re: Tax Increase Concerning Rice and Corn
Letter of Instructions No. 664, issued on January 28, 1978, directs the suspension of the implementation of Section 192 of the National Internal Revenue Code of 1977, which proposed an increase in taxes on annual gross sales of rice and corn. This action aligns with the government's policy to ensure a continuous and affordable food supply for the population. The suspension is effective immediately and will remain in place until further studies are conducted. The directive aims to alleviate the financial burden on consumers regarding essential food items.
Law Information
- Reference Number
- Letter of Instructions No. 664
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Letters of Instructions
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
January 28, 1978
LETTER OF INSTRUCTIONS NO. 664
| TO | : | The Secretary of Finance |
| The Commissioner, Bureau of Internal Revenue | ||
| All Concerned |
In line with the policy of the Government to provide continuous food supply to the nation within the reach of the greater masses of our people, you are hereby directed to suspend until further studies the implementation of Section 192 of the National Internal Revenue Code of 1977 increasing taxes on annual gross Sales as far as Rice and Corn are concerned.
This Letter of Instruction shall take effect immediately.
DONE in the City of Manila, this 28th day of January, in the year of Our Lord, Nineteen Hundred and Seventy-Eight. acd
Cite This Law
Suspended Implementation of Sec. 192 of NIRC Re: Tax Increase Concerning Rice and Corn, Letter of Instructions No. 664, Jan 28, 1978 (Philippines)
Suspended Implementation of Sec. 192 of NIRC Re: Tax Increase Concerning Rice and Corn, Letter of Instructions No. 664 (Phil. 1978)
Related Laws
- Further Extending the Period of Suspension of Payment of the Increase in Tax on Gross Sales of Rice and CornLetter of Instructions No. 1369 • Dec 30, 1983 • Presidential Issuances
- Extended Period of Suspension of Payment of the Increase in Tax on Gross Sales of Rice and CornLetter of Instructions No. 1506 • Dec 29, 1985 • Presidential Issuances
- Implementation of a Program of Special Fuel Assistance to Rice and Corn Millers, Drier Operators and HaulersLetter of Instructions No. 580 • Jul 29, 1977 • Presidential Issuances
- Setting New Price Ceilings for Rice and Corn GrainsLetter of Instructions No. 413 • May 29, 1976 • Presidential Issuances
- Ensuring the Viability of the Rice and Corn IndustryLetter of Instructions No. 874 • Jun 14, 1979 • Presidential Issuances
- Extended Period of Suspension from Payment of the Increase of Taxes on Gross Sales of Rice and CornLetter of Instructions No. 1141 • May 25, 1981 • Presidential Issuances
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