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EXECUTIVE ORDERS
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EXECUTIVE ORDER NO. 884 - UNIFYING
THE SPECIFIC TAX RATES ON DOMESTIC AND IMPORTED CINEMATOGRAPHIC FILMS
REGARDLESS OF MEASUREMENT
WHEREAS, the present rate structure of
specific tax on domestically produced and imported cinematographic
films is based on measurement per linear meter;
WHEREAS, in line with the objective of promoting administrative
simplicity it is necessary to adopt a uniform rate, regardless of
measurement in the imposition of the specific tax on cinematographic
films.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers vested in me by the
Constitution and by Sec. 290-B of the National Internal Revenue Code
of 1977, as amended, do hereby direct and order that:
Section 1.
“Sec.
157.
“If the films are imported, the
tax shall be increased by fifty per centum.
“Educational films,
cinematographic films used for visual education, whether manufactured
in the Philippines or imported, shall be exempt from the tax prescribed
in this section.
“This tax shall not be collected
on tax-paid cinematographic films subsequently returned to the
Philippines or on any negative film or unprinted positive film, and on
any reversal film used in amateur photography of sixteen millimeters or
less, and any tax heretofore paid on cinematographic films so returned,
or on any negative film or unprinted positive film, or on any reversal
film shall be refunded subject to the provisions of Section two hundred
ninety-five of the Tax Code.”
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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