Presidential Decree No. 1359 (PD 1359) — Amending Section 134 of the National Internal Revenue Code of 1977.
WHEREAS, under the present law oil products sold to
international carriers are subject to the specific tax;
WHEREAS, some countries allow the sale of petroleum products
to Philippine Carriers without payment of taxes thereon;
WHEREAS, to foster goodwill and better relationship with
foreign countries, there is a need to grant similar tax exemption in favor of
foreign international carriers;
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 the following:
SECTION 1. Section 134 of National Internal Revenue Code of
1977 is hereby amended to read as follows:
"SEC. 134. Articles subject to specific
tax.—Specific internal revenue taxes apply to things manufactured or
produced in the Philippines for domestic sale or consumption and to things
imported, but not to anything produced or manufactured here which shall be
removed for exportation and is actually exported without returning to the
Philippines, whether so exported in its original state or as an ingredient or
part of any manufactured article or product.
"HOWEVER, PETROLEUM PRODUCTS SOLD TO AN INTERNATIONAL CARRIER FOR ITS USE OR
CONSUMPTION OUTSIDE OF THE PHILIPPINES SHALL NOT BE SUBJECT TO SPECIFIC TAX,
PROVIDED, THAT THE COUNTRY OF SAID CARRIER EXEMPTS FROM TAX PETROLEUM
PRODUCTS SOLD TO PHILIPPINE CARRIERS.
"In case of importations the internal-revenue tax shall be in addition to the
customs duties, if any."
SEC. 2. This Decree shall take effect immediately.
DONE in the City of Manila, this 21st day of April, in the year of Our Lord,
nineteen hundred and seventy-eight.
(Sgd.) FERDINAND E. MARCOS
President of the
Philippines
By the President:
(Sgd.) JACOBO C. CLAVE
Presidential Executive
Assistant
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
