Preamble
WHEREAS, income tax filers have tremendously increased in number to the extent of three times the number of income tax filers before the proclamation of Martial Law; WHEREAS, with the influx of tax filers, extreme difficulty and inconvenience will be encountered both by the Government and the taxpayers in the filing of income tax returns due to the fact that there is only one fixed date for the filing of individual income tax returns; WHEREAS, of the individual tax filers, more than fifty percent derive income which is fixed in nature and, therefore, easy to determine at the end of the calendar year; and WHEREAS, it has become necessary to set aside another date for the filing of income tax returns of individuals whose income are more or less fixed in nature in order to reduce the work load on the last day for the filing of income tax returns and prevent undue inconvenience to taxpayers; 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, as amended, do hereby order and decree: