Letter of Instructions No. 1051

 

 

TO    :    The Minister, Ministry of Energy

    The Minister, Ministry of Finance

    The Commissioner, Bureau of Internal Revenue

    The Executive Director, Philippine National Alcohol Commission

 

DEFERRING THE IMPLEMENTATION OF PRESIDENTIAL DECREE 1089, WHICH SEEKS TO IMPOSE A SPECIFIC TAX ON ALCOHOL OR DISTILLED SPIRITS USED AS MOTOR FUEL

 

WHEREAS, it is a national policy to develop substitute sources of motor fuels which are indigenous and preferably renewable;

 

WHEREAS, Presidential Decree 1089 poses temporary constraints on the commercial development of fuel alcohol as an indigenous and renewable form of motor fuel.

 

NOW, THEREFORE, I, FERDINAND E. MARCOS, by virtue of the powers vested in me by the Constitution, do hereby order the following: 

 

SECTION 1.  The implementation of PD 1089 is hereby temporarily suspended until further instructions.

 

SEC. 2.  The Ministry of Finance, the Ministry of Energy and the Philippine National Alcohol Commission shall jointly reassess and review the specific tax on fuel alcohol and recommend, if necessary, the rate thereof as well as the timing of the continuation of the implementation of PD 1089.

 

SEC. 3.  The Commissioner of the Bureau of Internal Revenue and the Executive Director of the Philippine National Alcohol Commission shall jointly promulgate the rules and regulations pursuant to the implementation of this Letter of Instructions.

 

Done in the City of Manila, this 1st day of August in the year of Our Lord, nineteen hundred and eighty.

 

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Last revised:  February 27, 2016 01:11 AM.

 

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