WHEREAS,
the Save the Children Federation, Inc. (Federation) is a non-stock,
non-profit, international social welfare organization, no part of the
net income of which inures to the benefit of any of its members;chanroblesvirtualawlibrary
WHEREAS, in the pursuit of its goals, the Federation needs funds and
resources to support its operations and activities; chanroblesvirtualawlibrary
WHEREAS, at present the funds and resources of the Federation are being
subjected to tax and customs duties;chanroblesvirtualawlibrary
WHEREAS, considering the social welfare nature of the Federation's
activities and undertakings for child care and youth development, which
makes it a partner of the government in this regard, it is but fitting
and proper that its funds and resources be exempt from the payment of
taxes, customs duties and other fees. chanroblesvirtualawlibrary
NOW, THEREFORE I, FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers vested in me by the Constitution, do hereby order
and decree:cralaw:red
Section 1. Any provision of existing laws to the
contrary notwithstanding, the funds, resources, and earnings of the
Save the Children Federation, Inc., shall be exempt from the payment of
any and all taxes and customs duties to which they are otherwise
subject.
Section 2. All laws, decrees, orders, rules and
regulations or parts thereof inconsistent herewith are hereby repealed
or modified accordingly.
Section 3. This Decree shall take effect immediately.
Done in the City of Manila,
this 30th day of January, in the year of Our Lord, nineteen hundred and
eighty-four.
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