Preamble
WHEREAS, under Section 45 (a)(3) of the Tax Code, many individuals without income are nevertheless required to file income tax returns; WHEREAS, the number of income tax returns filed in 1975 by these individuals totalled 1,185,340; WHEREAS, the printing and processing of these returns entail so much administrative expenditures; WHEREAS, the amount of money, time and effort spent in processing and storing these returns are not commensurate with the benefits derived or which may be derived therefrom; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Republic of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby order and decree the following: