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PRESIDENTIAL DECREE NO. 292
PRESIDENTIAL DECREE NO. 292
- DEFINING THE STATUS OF, AND AUTHORIZING THE GRANT OF TAX EXEMPTION
AND OTHER PRIVILEGES TO, THE AQUACULTURE DEPARTMENT OF THE SOUTHEAST
ASIAN FISHERIES DEVELOPMENT CENTER IN THE PHILIPPINES
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WHEREAS,
the Republic of the Philippines, on January 16, 1968, became a
signatory to the Agreement establishing the Southeast Asian Fisheries
Development Center (SEAFDEC);chanroblesvirtualawlibrary
WHEREAS, the SEAFDEC Council, at its Sixth Meeting held at Kuala Lumpur
(Malaysia) on July 3-7, 1973, approved the formal establishment of its
Aquaculture Department in the province of Iloilo, Philippines;chanroblesvirtualawlibrary
WHEREAS, the SEAFDEC Aquaculture Department is designed to promote
research in aquaculture, especially in the production of prawns and
shrimps, undertake the corresponding training programs for fisheries
experts and technicians and disseminate information on fisheries
research and development for SEAFDEC member countries in Southeast
Asia; chanroblesvirtualawlibrary
WHEREAS, the establishment of the SEAFDEC Aquaculture Department in the
Philippines will directly and immediately stimulate the development of
the fisheries industry in the country, as well as in neighboring
nations in Southeast Asia.
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines;
by virtue of the powers vested in me by the Constitution as
Commander-in-Chief of the Armed Forces of the Philippines and pursuant
to Proclamation No. 1081 dated September 21, 1972, and General Order
No. 1 dated September 22, 1972, do hereby decree, order and make as
part of the law of the land the following measure:cralaw:red
Section 1. The provisions of existing laws, decrees
or ordinances to the contrary notwithstanding, the Aquaculture
Department of the Southeast Asian Fisheries Development Center shall be
exempt from the payment of gift, franchises, specific, percentage, real
property and all other taxes, duties and fees provided under existing
laws, decrees or ordinances. This exemption shall extend to goods
imported and owned by the said Aquaculture Department and to goods
brought in or imported for the personal use of foreign personnel whose
services are paid by the said Aquaculture Department: Provided,
however, that this exemption is without prejudice to the collection of
customs duties and taxes on goods or articles brought or imported into
the Philippines for the use of such foreign personnel should such goods
or articles subsequently be sold, transferred or exchanged in the
Philippines to persons or entities not entitled to exemption from said
customs duties and taxes pursuant to existing laws and regulations
governing the matter.
Section 2. All gifts, bequest, donations and
contributions which may be received by the said Aquaculture Department
from any source whatsoever shall be exempt from the payment of taxes
imposed under the National Internal Revenue Code and all such gifts,
bequests, donations and contributions shall be considered as allowable
deduction for purposes of determining the income tax payable by the
donor. All funds received by the Department shall be receipted and
disbursed in accordance with the Agreement establishing the Southeast
Asian Fisheries Development Center and pertinent resolutions duly
approved by the SEAFDEC Council.
Section 3. Non-Filipino citizens serving on the
technical and scientific staff of the SEAFDEC Aquaculture Department
shall be exempted from the payment of income tax salaries and stipends
received solely and by reason of service rendered to the Department.
Section 4. Aliens who enter the Philippines to
perform their work for the SEAFDEC Aquaculture Department shall be
exempt from restriction imposed on immigration and other pertinent laws
with respect to quota of immigrants and duration of stay in the
Philippines, as may be necessary for the operation of the SEAFDEC
Aquaculture Department, so long as they fall under the following
status:cralaw:red
(1) officials;chanroblesvirtualawlibrary
(2) instructors and researchers;chanroblesvirtualawlibrary
(3) trainees;chanroblesvirtualawlibrary
(4) spouses, children or relatives who are dependent
on the forming part of the household of, those in (1) and (2)
Section 5. Effectivity. — This Decree shall TAKE
EFFECT IMMEDIATELY.
Done in the City of Manila,
this 13th day of September, in the year of Our Lord, nineteen hundred
and seventy-three.
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