Reinstating the Tax Exemption on Donations From Fraternal Labor Organizations Under Article 243 of the Labor Code of the Philippines
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Reinstating the Tax Exemption on Donations From Fraternal Labor Organizations Under Article 243 of the Labor Code of the Philippines
Executive Order No. 950
May 1, 1984
Case Overview and Summary
Summary of Executive Order No. 950Reinstating Tax Exemption on Donations from Fraternal Labor Organizations
- Reinstates the tax exemption granted to labor organizations under Article 243 of the Labor Code on donations received from fraternal organizations, local or foreign. (Article 243)
- The purpose of the exemption is to provide incentive for projects aimed at promoting the welfare of workers.
- The exemption was previously removed by Presidential Decree No. 1395 and Executive Order No. 860.
- The reinstatement of the exemption is consistent with the State's commitment to promote trade unionism.
- All issuances inconsistent with this Order are repealed.
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labor organizations
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welfare of workers
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Reinstating the Tax Exemption on Donations From Fraternal Labor Organizations Under Article 243 of the Labor Code of the Philippines
Executive Order No. 950
•May 1, 1984
EXECUTIVE ORDER NO. 950 May 1, 1984
REINSTATING THE TAX EXEMPTION ON DONATIONS FROM FRATERNAL LABOR ORGANIZATIONS UNDER ARTICLE 243 OF THE LABOR CODE OF THE PHILIPPINES
WHEREAS, labor organizations had been exempted under Article 243 of the Labor Code from taxes, duties and other assessments on donations received from fraternal organizations, local or foreign;
WHEREAS, the purpose of said exemptions was to provide incentive for projects designated to promote the welfare of the workers;
WHEREAS, that objective was nullified by the removal of said exemptions by subsequent issuances, particularly Presidential Decree No. 1395 and Executive Order No. 860;
WHEREAS, consistent with the commitment of the State to promote trade unionism, the reinstatement of said exemptions is highly desirable and necessary;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, do hereby reinstate the exemptions granted to labor organizations under Article 242 of the Labor Code. All issuances inconsistent with this Order are hereby repealed.
Done in the City of Manila, this 1st day of May in the year of Our...
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Amends
n/a
Amended by
n/a
Tags
Executive Issuances
Executive Orders
tax exemption
labor organizations
fraternal organizations
donations
Labor Code
trade unionism
welfare of workers
EXECUTIVE ORDER NO. 950 May 1, 1984
REINSTATING THE TAX EXEMPTION ON DONATIONS FROM FRATERNAL LABOR ORGANIZATIONS UNDER ARTICLE 243 OF THE LABOR CODE OF THE PHILIPPINES
WHEREAS, labor organizations had been exempted under Article 243 of the Labor Code from taxes, duties and other assessments on donations received from fraternal organizations, local or foreign;
WHEREAS, the purpose of said exemptions was to provide incentive for projects designated to promote the welfare of the workers;
WHEREAS, that objective was nullified by the removal of said exemptions by subsequent issuances, particularly Presidential Decree No. 1395 and Executive Order No. 860;
WHEREAS, consistent with the commitment of the State to promote trade unionism, the reinstatement of said exemptions is highly desirable and necessary;
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, do hereby reinstate the exemptions granted to labor organizations under Article 242 of the Labor Code. All issuances inconsistent with this Order are hereby repealed.
Done in the City of Manila, this 1st day of May in the year of Our...
Login to see full content