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PRESIDENTIAL DECREE NO. 1127
PRESIDENTIAL DECREE NO. 1127 -
FURTHER AMENDING REPUBLIC ACT NUMBERED THREE THOUSAND FIVE HUNDRED AND
THIRTY EIGHT SO AS TO EXTEND TAX EXEMPTION PRIVILEGES TO THE ASIA
FOUNDATION, INC
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WHEREAS,
tax privileges have been granted to certain international civic
organizations in recognition of their non-profit character and the
assistance being accorded by these organizations to various
undertakings in the country;chanroblesvirtualawlibrary
WHEREAS, under R.A. No. 3538 as amended by R.A. No. 4169, the tax
exemptions granted to the Ford Foundation, Rockefeller Foundation, the
Agricultural Development Council, Inc. and the foster Parent Plan are
not extended to the Asia Foundation, Inc.; chanroblesvirtualawlibrary
WHEREAS, in recognition of the humanitarian efforts of the Asia
Foundation and in order to better enable the same to continue its
operations in the country, the grant of similar tax exemptions to the
Asia Foundation is deemed appropriate;chanroblesvirtualawlibrary
NOW, THEREFORE I, FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers vested in me by the Constitution, do hereby decree
the following as part of the law of the land:cralaw:red
Section 1. Section one (1) of R.A. NO. 3538 as
amended by R.A. 4169 is hereby further amended to read as
follows: chanroblesvirtualawlibrary
"Sec. 1. The provisions of existing laws or
ordinances to the contrary notwithstanding, the Ford Foundation, the
Rockefeller Foundation, the Agricultural Development Council, Inc.
[and] the Foster Parents Plan, Inc. AND THE ASIA FOUNDATION, shall be
exempt from the payment of gift, franchise, specific percentage, real
property and all other taxes, duties and fees provided under existing
laws ordinances. This exemption shall extend to goods imported under
the Ford Foundation, the Rockefeller Foundation, the Agricultural
Development Council, Inc., [or] the Foster Parents Plan, Inc., OR THE
ASIA FOUNDATION grants for relief, medical, scientific, educational and
training purposes to government organizations and private institutions
recognized by the government and to goods brought in or imported for
the personal use of foreign personnel whose services are paid by the
Ford Foundation, the Rockefeller Foundation, the Agricultural
Development Council Inc., [or] the Foster Parents Plan, Inc., OR THE
ASIA FOUNDATION, or from funds granted by these foundations: 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. Section two (2) of the same Act is hereby
further amended to read as follows:cralaw:red
"Sec. 2. Non-Filipino citizens serving on the staff
of the Ford Foundation, the Rockefeller Foundation, the Agricultural
Development Council, Inc., [or] the Foster Parents Plan, Inc., OF THE
ASIA FOUNDATION grants shall be exempted from the payment of income tax
on salaries and stipends in dollars received solely and by reason of
service rendered under the Ford Foundation, the Rockefeller Foundation,
the Agricultural Development Council, Inc., [or] the Foster Parents
Plan, Inc., OF THE ASIA FOUNDATION programs".
Section 3. This Decree shall take effect immediately.
DONE in the City of Manila,
this 22nd day of April, in the year of Our Lord, nineteen hundred and
seventy-seven.
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