Amending The Effectivity Date Of Section 5 Of Presidential Decree No. 69, Particularly Section 137 Of The National Internal Revenue Code Affecting Tax On Cigars And Cigarettes
Download as PDF
Download as Word
My Notes
Highlights
New
Collections
Create a New Collection
Overview
Full Text
Details
Case
Agency Issuance Number
Published Date
Amending The Effectivity Date Of Section 5 Of Presidential Decree No. 69, Particularly Section 137 Of The National Internal Revenue Code Affecting Tax On Cigars And Cigarettes
Presidential Decree No. 88
January 3, 1973
Case Overview and Summary
Summary of Presidential Decree No. 88Amending the Effectivity Date of Section 5 of Presidential Decree No. 69, Particularly Section 137 of the National Internal Revenue Code Affecting Tax on Cigars and Cigarettes
- Resets the effectivity date of Section 137 of the National Internal Revenue Code, as amended by Presidential Decree No. 69, from January 1, 1973, to March 1, 1973.
- The amendment imposed new rates on specific tax on cigarettes effective January 1, 1973, which required the printing of the approved maximum retail price on every package of cigarettes.
- This new requirement would pose undue hardships and difficulty on the cigarette manufacturers to comply with, and the Bureau of Internal Revenue would encounter similar difficulties in having the new strip stamps printed abroad and even locally by the Bureau of Printing.
Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Presidential Decrees
Presidential Decree No. 88
Presidential Decree No. 69
National Internal Revenue Code
tax on cigars and cigarettes
specific tax on cigarettes
maximum retail price
cigarette manufacturers
Bureau of Internal Revenue
strip stamps
Bureau of Printing
Law
Amending The Effectivity Date Of Section 5 Of Presidential Decree No. 69, Particularly Section 137 Of The National Internal Revenue Code Affecting Tax On Cigars And Cigarettes
Presidential Decree No. 88
•January 3, 1973
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 88 January 3, 1973
AMENDING THE EFFECTIVITY DATE OF SECTION 5 OF PRESIDENTIAL DECREE NO. 69, PARTICULARLY SECTION 137 OF THE NATIONAL INTERNAL REVENUE CODE AFFECTING TAX ON CIGARS AND CIGARETTES
WHEREAS, Presidential Decree No. 69 amending certain sections of the National Internal Revenue Code was promulgated on November 24, 1972;
WHEREAS, the amendment imposing new rates on specific tax on cigarettes effective January 1, 1973, carries with it certain provisions requiring the printing of the approved maximum retail price on every package of cigarettes;
WHEREAS, said new requirement will pose undue hardships and difficulty on the cigarette manufacturers in order to be able to comply therewith and at the same time, the Bureau of Internal Revenue would encounter similar difficulties in having the new strip stamps printed abroad and even locally by the Bureau of Printing, now saddled with the printing jobs in connection with the coming plebiscite.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me...
Login to see full content
Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Presidential Decrees
Presidential Decree No. 88
Presidential Decree No. 69
National Internal Revenue Code
tax on cigars and cigarettes
specific tax on cigarettes
maximum retail price
cigarette manufacturers
Bureau of Internal Revenue
strip stamps
Bureau of Printing
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 88 January 3, 1973
AMENDING THE EFFECTIVITY DATE OF SECTION 5 OF PRESIDENTIAL DECREE NO. 69, PARTICULARLY SECTION 137 OF THE NATIONAL INTERNAL REVENUE CODE AFFECTING TAX ON CIGARS AND CIGARETTES
WHEREAS, Presidential Decree No. 69 amending certain sections of the National Internal Revenue Code was promulgated on November 24, 1972;
WHEREAS, the amendment imposing new rates on specific tax on cigarettes effective January 1, 1973, carries with it certain provisions requiring the printing of the approved maximum retail price on every package of cigarettes;
WHEREAS, said new requirement will pose undue hardships and difficulty on the cigarette manufacturers in order to be able to comply therewith and at the same time, the Bureau of Internal Revenue would encounter similar difficulties in having the new strip stamps printed abroad and even locally by the Bureau of Printing, now saddled with the printing jobs in connection with the coming plebiscite.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me...
Login to see full content