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PRESIDENTIAL DECREE NO. 74
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PRESIDENTIAL DECREE NO. 74 -
CONSTITUTING THE TECHNICAL STAFF OF THE JOINT LEGISLATIVE-EXECUTIVE TAX
COMMISSION AS A NEW AGENCY UNDER THE ADMINISTRATIVE SUPERVISION OF THE
NATIONAL ECONOMIC DEVELOPMENT AUTHORITY, TO BE KNOWN AS THE NATIONAL
TAX RESEARCH CENTER
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WHEREAS, there is an urgent need to
restructure our tax system and raise the level of tax consciousness
among our people to achieve a faster rate of economic growth and to
bring about a more equitable distribution of wealth and income taking
into full account the requirements of the New Society, and considering
the experience and practices of other countries, particularly Asian
nations;chanroblesvirtualawlibrary
WHEREAS, in order to have a systematic and objective approach to tax
reform in this country, there must be a continuing research on
taxation, a need recognized even by the United Nations as embodied in
its Report on the Meeting of the Expert Group on Tax Reform Planning in
1970; chanroblesvirtualawlibrary
WHEREAS, there is now a Joint-Legislative-Executive Tax Commission
which was created precisely to serve this need and has been in fact
serving it through its continuing studies and research which have been
the basis of tax policy and legislation;chanroblesvirtualawlibrary
WHEREAS, to effect a faster realization of effecting needed reforms, it
is imperative that this agency and its function be placed under the
Executive Branch of the Government;chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, 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 order and decree as follows:cralaw:red
1. The Technical Staff of the Joint
Legislative-Executive Tax Commission is hereby converted into a purely
executive single-headed agency under the administrative supervision of
the National Economic Development Authority, to be known as the
National Tax Research Center.
2. The National Tax Research Center, to be headed by
an Executive Director, shall continue to perform the pertinent
functions of the Joint Legislative-Executive Tax Commission under
Republic Act No. 2211.
3. Such personnel as may be necessary from the
technical, administrative and other supporting staffs of the Joint
Legislative-Executive Tax Commission, as well as its applicable
appropriations, records, equipment and property are transferred to the
National Tax Research Center.
Implementation of this decree shall be carried out by Letter of
Implementation which shall be issued by me or by my duly authorized
representative. Consonant with the provisions of said Letter of
Implementation, the Executive Director of the National Tax Research
Center shall, within a period of sixty days from the issuance thereof,
effect the organization of the units of the agency in consultation with
the Presidential Commission on Reorganization. chanroblesvirtualawlibrary
Done in the City of Manila,
this 6th day of December, in the year of Our Lord, nineteen hundred and
seventy-two.
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