WHEREAS, to
attain the objectives for increased tax collections and effectively
insure the implementation of its programs, the Bureau of Internal
Revenue has initiated the setting up of permanent offices and thereby
establish a permanent repository of the records of the Bureau of
Internal Revenue. chanroblesvirtualawlibrary
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, as amended, do hereby declare and
order that:cralaw:red
1. Section 358 of the National Internal Revenue Code,
as amended by R.A. 6110, be amended to read as follows: chanroblesvirtualawlibrary
"Sec. 358. Disposition of proceeds of certain taxes.
— One per cent of the proceeds from the percentage taxes provided in
Title V shall accrue to a special fund which shall be disbursed for the
effective implementation of the provisions of this Code, including
research, of the purchase of necessary vehicles and equipment,
confidential tax information; for services and maintenance, rental
amortizations of buildings, construction and repair of national,
regional and district offices. This amount shall be considered receipts
automatically appropriated and shall be retained and disbursed by the
Commissioner of Internal Revenue. The provisions of any law, rules or
regulations to the contrary notwithstanding, any disbursement from this
fund shall be accounted for solely on the certificate of the
Commissioner of Internal Revenue. After deducting the special fund
stated herein and the existing special allotments, the balance of the
proceeds shall be disposed of in accordance with Presidential Decree
No. 144, Series of 1973.
2. This amendment shall be effective only for a
period of six years from July 1, 1973, unless extended.
Done in the City of Manila,
this 13th day of March, in the year of Our Lord, nineteen hundred and
seventy-three.
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