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PRESIDENTIAL DECREE NO. 1105
PRESIDENTIAL DECREE NO. 1105 -
EXEMPTING THE INTERNATIONAL CENTER FOR LIVING AQUATIC RESOURCES
MANAGEMENT OR ITS SUCCESSORS FROM THE PAYMENT OF GIFT, FRANCHISE,
SPECIFIC PERCENTAGE, REAL PROPERTY, EXCHANGE IMPORT, EXPORT AND ALL
OTHER TAXES, AS WELL AS DUTIES AND FEES, AND THE MEMBERS OF ITS
SCIENTIFIC AND TECHNICAL STAFF FROM THE PAYMENT OF INCOME TAX
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WHEREAS,
the International Center for Living Aquatic Resources Management is a
non-stock, Philanthropic and non-profit corporation organized under the
laws of the Philippines by incorporators a majority of whom are
citizens and residents of this country; chanroblesvirtualawlibrary
WHEREAS, its purpose is to establish, maintain and operate an
international aquatic resources center designed to pursue among others
the following objectives:cralaw:red
(1) Conduct directly or assist others in conducting
research on fish and other aquatic organisms and on all phases of fish
production, management, preservation, distribution and utilization;chanroblesvirtualawlibrary
(2) Improve the efficiency and productivity of
culture and capture fisheries through coordinated research, education
and training, development and extension programs;chanroblesvirtualawlibrary
(3) Improve small-scale rural subsistence and market
fisheries;chanroblesvirtualawlibrary
(4) Publish and disseminate research findings and
recommendations of the Center; and
(5) Organize or hold periodic conferences, forums and
seminars whether international, regional, local or otherwise, for the
purpose of discussing current problems on living aquatic resources;chanroblesvirtualawlibrary
WHEREAS, the realization of the objectives of said Center will bring
prosperity to all our people with vast living aquatic resources inside
and surrounding our 7,100 islands;chanroblesvirtualawlibrary
WHEREAS, there is reason to grant tax exemption to the International
Center for Living Aquatic Resources Management because it will be
dedicated to the objectives hereinabove set forth regarding fish and
other living aquatic resources, the development and enhancement of
which are just as vital to the people of the Philippines and of the
world to supply their protein needs; and
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines,
by virtue of the powers vested in me by the Constitution, do hereby
declare and decree:cralaw:red
Section 1. The provisions of existing laws or
ordinances to the contrary notwithstanding, the International Center
for Living Aquatic Resources Management, or its successors, shall be
exempt from the payment of gift, franchise, specific, percentage, real
property, exchange, import, export, and all other taxes, as well as
duties and fees provided under existing laws or ordinances. This
exemption shall extend to importations directly and actually needed and
will be used exclusively by the International Center for Living Aquatic
Resources Management; Provided, however, That the foreign staff members
of the Center shall be entitled to the privileges accorded under the
provisions of Section 105 (g) of the Tariff and Customs Code and/or
Section 2 of Presidential Decree No. 439 relative to their importations
and/or local purchases, subject to the respective limitations therein.
Section 2. All gifts, bequests, donations and
contributions which may be received by the International Center for
Living Aquatic Resources Management from any source whatsoever, or
which may be granted by said Center to any individual or non-profit
organization for educational or scientific purposes shall be exempt
from the payment of the taxes imposed under Title III of the National
Internal Revenue Code. All gifts, contributions and donations to said
Center shall be considered allowable deductions for purposes of
determining the income tax of the donor. chanroblesvirtualawlibrary
Section 3. Non-Filipino citizens serving on the
technical and scientific staff of the International Center for Living
Aquatic Resources Management shall be exempt from the payment of income
tax on salaries and stipends in dollars received solely and by reason
of service rendered to said Center.
Section 4. The Secretary of Finance shall promulgate
the necessary rules and regulations for the effective implementation of
this Decree.
Section 5. This Decree shall take effect immediately.
Done in the City of Manila,
this 7th day of March, in the year of Our Lord, Nineteen hundred and
seventy-seven.
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