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PRESIDENTIAL DECREE NO. 88
PRESIDENTIAL DECREE NO. 88 -
AMENDING THE EFFECTIVITY DATE OF Section 5 OF PRESIDENTIAL DECREE NO.
69, PARTICULARLY Section 137 OF THE NATIONAL INTERNAL REVENUE CODE
AFFECTING TAX ON CIGARS AND CIGARETTES
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WHEREAS, Presidential Decree No. 69
amending certain sections of the National Internal Revenue Code was
promulgated on November 24, 1972; chanroblesvirtualawlibrary
WHEREAS, the amendment imposing new rates on specific tax on cigarettes
effective January 1, 1973, carries with it certain provisions requiring
the printing of the approved maximum retail price on every package of
cigarettes;chanroblesvirtualawlibrary
WHEREAS, said new requirement will pose undue hardships and difficulty
on the cigarette manufacturers in order to be able to comply therewith
and at the same time, the Bureau of Internal Revenue would encounter
similar difficulties in having the new strip stamps printed abroad and
even locally by the Bureau of Printing, now saddled with the printing
jobs in connection with the coming plebiscite. chanroblesvirtualawlibrary
NOW, THEREFORE, I, FERDINAND E. MARCOS, President 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, do hereby reset the
effectivity of Section 137 of the National Internal Revenue Code as
amended by Presidential Decree No. 69 from January 1, 1973, to March 1,
1973.
Done in the City of Manila,
this 3rd day of January, in the year of Our Lord, nineteen hundred and
seventy-three.
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