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  • Bed Circular No. 82-01-01

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    Ylac Ylog
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    Service contractors under Presidential Decree Nos. 87, 972 and 1442 are exempt from all taxes except income tax based on a ruling from the Ministry of Finance. This tax exemption includes both national and local taxes. However, service contractors must still pay permit and regulatory fees imposed by local government units where operations are being undertaken, as long as these fees have been established by ordinances consistent with the Local Tax Code.

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    Service contractors under Presidential Decree Nos. 87, 972 and 1442 are exempt from all taxes except income tax based on a ruling from the Ministry of Finance. This tax exemption includes both national and local taxes. However, service contractors must still pay permit and regulatory fees imposed by local government units where operations are being undertaken, as long as these fees have been established by ordinances consistent with the Local Tax Code.

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    3 views1 page

    Bed Circular No. 82-01-01

    Uploaded by

    Ylac Ylog
    Service contractors under Presidential Decree Nos. 87, 972 and 1442 are exempt from all taxes except income tax based on a ruling from the Ministry of Finance. This tax exemption includes both national and local taxes. However, service contractors must still pay permit and regulatory fees imposed by local government units where operations are being undertaken, as long as these fees have been established by ordinances consistent with the Local Tax Code.

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    A.

    BED CIRCULAR NO. 82-01-01

    TO: ALL SERVIC CONTRACTORS UNDER PRESIDENTIAL DECREE NOS. 87 (OIL), 972 (COAL) AND 1442 (GEOHTERMAL ENERGY) Inquiries have been received by the Bureau of Energy Development concerning the scope or applicability of the privilege from exemption from all taxes except income tax of service contractors under Presidential Decree Nos. 87, 972 and 1442. The Ministry of Finance holds that the subject exemption provision includes both national and local taxes, except permit and regulatory fees which a local government may impose under Sections 36 and 51, respectively, of the Local Tax Code, as amended, said impositions not in the nature of a tax and are imposed for services rendered. The Ministry of Finance has ruled that permit and regulatory fees should be paid to the local government unit where the operation is actually being undertaken, provided there is an existing local tax ordinance duly acted in accordance with the Local Tax Code, as amended, imposing such fees. For your information and guidance. W. R. DE LA PAZ Acting Director February 1, 1982

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