Administrative authority of the Secretary of Finance.
Section 65
SEC. 65. Administrative authority of the Secretary of Finance. — The Secretary of Finance shall determine, at least once every two years from the date of effectivity hereof, the necessity of the maximum rates of the taxes, fees and/or other charges fixed in this Code and make appropriate recommendations thereon to the proper authority in order that said maximum rate may be maintained in conformity with the economic condition generally prevailing in the country. He shall also promulgate, from time to time, such rules and regulation effective implementation of the provisions of this Code.