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PRESIDENTIAL DECREE NO. 112
PRESIDENTIAL DECREE NO. 112 -
AMENDING PRESIDENTIAL DECREE NO. 52 DATED NOVEMBER 16, 1972 PROCLAIMING
A TAX AMNESTY FOR UNTAXED MOTOR VEHICLES SUBJECT TO CERTAIN CONDITIONS,
BY EXTENDING THE EFFECTIVITY OF THE TAX AMNESTY UP TO JANUARY 31, 1973
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WHEREAS, Presidential Decree No. 52 dated
November 16, 1972 grants a fifty percent (50%) and seventy percent
(70%) across the board deduction on the duties and taxes collectible by
the government on vehicles transferred from tax-exempt persons/entities
to non-tax-exempt persons/entities, or such vehicles where the correct
taxes and duties have not been collected; chanroblesvirtualawlibrary
WHEREAS, it is possible that there is insufficient public awareness of
this particular amnesty or that many of the present owners/possessors
of these untaxed motor vehicles have not yet been able to raise the
needed money for the purpose; and
WHEREAS, to render more effective the objective of said Presidential
Decree No. 52 dated November 16, 1972 and to give all those concerned
the opportunity to take advantage of the tax amnesty granted
therein; chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of
the Philippines, by virtue of the powers in me vested by the
Constitution as Commander-in-Chief of all 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, as amended,
whereby have assumed direction of the operation of the entire
Government to hereby decree:cralaw:red
That No. 3 of Presidential Decree No. 52 is hereby amended to read as
follows:cralaw:red
"3. The tax amnesty shall be effective up to January
31, 1973."
All laws, rules and regulations which are inconsistent herewith are
amended or modified accordingly.
This Decree shall take effect immediately.
Done in the City of Manila,
this 29th day of January, in the year of Our Lord, nineteen hundred and
seventy-three.
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