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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 883 - ADOPTING
A 25% UNIFORM MARK-UP IN THE IMPOSITION OF THE ADVANCE SALES TAX
WHEREAS, Section 193(b) of the National
Internal Revenue Code provides varying mark-ups for imported
articles;
WHEREAS, in line with the objective of promoting administrative
simplicity it is necessary to adopt a uniform mark-up in the imposition
of the advance sales tax.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, pursuant to the powers vested in me under Sec. 290-B of the National Internal Revenue Code, as amended, do hereby
direct and order that:
Section 1.
“(b)
Sec. 2.
Done in the City of Manila,
this 16th day of March, in the Year of Our Lord, nineteen hundred and
eighty- three.
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