Letter of Instructions No. 663
TO : The Secretary, Department of Energy
The Secretary, Department of Finance
The Director-General, National Economic & Development Authority
In view of the representations of the gasoline dealers with respect to the new rate of privilege tax provided under Presidential Decree No. 1158-A, the following instructions are hereby issued:
(1) Out of the funds of the Department of Energy, the affected petroleum dealers shall receive subsidy to the extent of the additional privilege tax. The Department of Energy shall, in consultation with the Department of Finance, formulate the rules and regulations to implement the subsidy operations.
(2) The Director-General, National Economic and Development Authority, in coordination with the Department of Energy and the Department of Finance, shall submit within ninety (90) days from receipt of this instruction recommendations with respect to the taxation of petroleum dealers.
Done in the City of Manila, this 27th day of January, in the year of Our Lord, nineteen hundred and seventy-eight.
What do you want to do now?
Go Back to the Top; Go back to artís home page; Laugh or Be Entertained; Destroy Cartels and Monopolies; Invest or Find a Job; Check Software or a Computer; Check out the latest News; Look for a School; Greet a Friend; Dip Into Black Gold and be Electrified; Express Yourself; Relive the Past; Get Involved in the Law, Government, & Politics; Read Some Classics; Meet New People; Consult the laws of the Philippine energy sector; Philosophize; or Search.
This page is best viewed using Microsoft Internet Explorer 4.0 or higher.
Last revised: April 03, 2010 01:36 PM.
Caveat Emptor: Owners of the sites included herein do not explicitly endorse this page.
Comments, suggestions, objections, or violent reactions?
Let me know.