Official Gazette for March 21, 1973: MALACANANG issued Memorandum Circular No. 627 clarifying the new schedule of office hours for government offices in the Greater Manila area, on Saturdays, Sundays and holidays. The circular provides: 1) There must be a skeletal staff in the offices of the department secretary and bureau director which shall be composed of one key official and two or three staff members who shall attend to urgent official transactions. They shall also monitor and transmit messages or directives coming from higher authorities for implementation or summon the proper officials who shall act on the matter. 2) Whether or not a skeletal staff should be maintained in the subordinate level is left to the sound discretion of the heads of offices bearing in mind the nature and volume of work of their offices and the number of people expected to transact urgent official business. 3) Service on such day need not be eight hours. Some employees may be assigned to the morning shift while others to afternoon duty for which they shall be provided with meal allowances. 4) Full time service rendered on Saturdays, Sundays and holidays may entitle the employees concerned, with off-duty the following working day.
SECURITIES AND Exchange Commission has reported that 1,439 corporations with P360,191,103 in subscribed capital, of which P134,371,420 is paid up, have registered during the first six months of the Martial Law on account of the incentives offered by the government to foreign and local investors. The acceleration of capital investments was first noticed during the last quarter of last year when the SEC recorded a total of P79,669,896 in paid up capital of corporations, representing a P9,715,048 increase over the P69,954,848 paid up registered in the third quarter. The increase of capital investments perked up the stock market. The SEC commissioner said the favorable market reaction was encouraged further by the government policies reducing the stock transfer tax from two per cent to one-fourth of one per cent and the policy allowing repatriation of capital and profit without time restriction on all foreign investments which came to the Philippines after March 15, 1973.
THE PRESIDENT conferred the Presidential Merit Medal on an American citizen who helped train top Filipino executives in management and, posthumously, on two distinguished public servants who died in line of duty. Awarded the Presidential Merit Medal were: Dr. Harry L. Hansen, who served as an extension of the Harvard Graduate School of Business Administration in the establishment of management training in the Philippines, the forerunner of the Asian Institute of Management; and, posthumously, the late Director Vicente Valdellon of the Bureau of Lands and the late Director Alejandro B. Deleña of the Bureau of Public Works.
SECRETARY OF Information Francisco S. Tatad said that local and foreign tourists have responded favorably to the administration’s program to develop the country into a tourism center under the stable peace and order condition brought about by the imposition of Martial Law. The secretary told members of the Skal Club of the Philippines, in a speech at the Hotel Intercontinental in Makati, that more local tourists are now seeing the Philippines first, driving to mountain resorts and hitherto undeveloped beaches. Among the rich, there is a high rate of buying and development of beach and resort houses in remote places and isolated islands, he added. This has been supplemented by the arrival of foreign tourists including businessmen and nature lovers who had sought and found scenic places in once unexplored and unnoticed areas of the country, the secretary said.
DEPARTMENT OF Finance ordered provincial, city and municipal treasurers to intensify the collection of delinquent realty taxes which amount to P108,401, 209 as of calendar year 1971, even as acting Secretary of Finance Alfredo Pio de Roda also reminded the public that first installment of payment for real property taxes is on March 31. Real property taxes are paid on quarterly basis: Sec. De Roda also directed the provincial, city and municipal assessors to provide assistance to taxpayers who are filing sworn statements of the true value of real properties pursuant to Presidential Decree No. 76. The sworn statements are to be submitted to the assessors on or before June 30, 1973.
DEPARTMENT OF Finance issued the procedures in filing protests against tax ordinances as provided under Presidential Decree No. 145 which amended Republic Act No. 2264, otherwise known as Local Autonomy Act. Presidential Decree No. 145 empowers the secretary of finance to review tax ordinances and to suspend their effectivity if the taxes levied, or imposed are unjust, excessive, confiscatory or contrary to declared national economic policy. Formal protests against tax ordinances enacted by the municipal or district councils must be filed with the respective provincial treasurers while protests against ordinances enacted by city councils and municipal boards must be filed with the respective city treasurers. In both cases, a formal protest may be filed within 120 days after the passage of the tax ordinance provided that the secretary of finance shall have 60 days, after the receipt of
Official Gazette for March 21, 1973: MALACANANG issued Memorandum Circular No. 627 clarifying the new schedule of office hours for government offices in the Greater Manila area, on Saturdays, Sundays and holidays. The circular provides: 1) There must be a skeletal staff in the offices of the department secretary and bureau director which shall be composed of one key official and two or three staff members who shall attend to urgent official transactions. They shall also monitor and transmit messages or directives coming from higher authorities for implementation or summon the proper officials who shall act on the matter. 2) Whether or not a skeletal staff should be maintained in the subordinate level is left to the sound discretion of the heads of offices bearing in mind the nature and volume of work of their offices and the number of people expected to transact urgent official business. 3) Service on such day need not be eight hours. Some employees may be assigned to the morning shift while others to afternoon duty for which they shall be provided with meal allowances. 4) Full time service rendered on Saturdays, Sundays and holidays may entitle the employees concerned, with off-duty the following working day.
SECURITIES AND Exchange Commission has reported that 1,439 corporations with P360,191,103 in subscribed capital, of which P134,371,420 is paid up, have registered during the first six months of the Martial Law on account of the incentives offered by the government to foreign and local investors. The acceleration of capital investments was first noticed during the last quarter of last year when the SEC recorded a total of P79,669,896 in paid up capital of corporations, representing a P9,715,048 increase over the P69,954,848 paid up registered in the third quarter. The increase of capital investments perked up the stock market. The SEC commissioner said the favorable market reaction was encouraged further by the government policies reducing the stock transfer tax from two per cent to one-fourth of one per cent and the policy allowing repatriation of capital and profit without time restriction on all foreign investments which came to the Philippines after March 15, 1973.
THE PRESIDENT conferred the Presidential Merit Medal on an American citizen who helped train top Filipino executives in management and, posthumously, on two distinguished public servants who died in line of duty. Awarded the Presidential Merit Medal were: Dr. Harry L. Hansen, who served as an extension of the Harvard Graduate School of Business Administration in the establishment of management training in the Philippines, the forerunner of the Asian Institute of Management; and, posthumously, the late Director Vicente Valdellon of the Bureau of Lands and the late Director Alejandro B. Deleña of the Bureau of Public Works.
SECRETARY OF Information Francisco S. Tatad said that local and foreign tourists have responded favorably to the administration’s program to develop the country into a tourism center under the stable peace and order condition brought about by the imposition of Martial Law. The secretary told members of the Skal Club of the Philippines, in a speech at the Hotel Intercontinental in Makati, that more local tourists are now seeing the Philippines first, driving to mountain resorts and hitherto undeveloped beaches. Among the rich, there is a high rate of buying and development of beach and resort houses in remote places and isolated islands, he added. This has been supplemented by the arrival of foreign tourists including businessmen and nature lovers who had sought and found scenic places in once unexplored and unnoticed areas of the country, the secretary said.
DEPARTMENT OF Finance ordered provincial, city and municipal treasurers to intensify the collection of delinquent realty taxes which amount to P108,401, 209 as of calendar year 1971, even as acting Secretary of Finance Alfredo Pio de Roda also reminded the public that first installment of payment for real property taxes is on March 31. Real property taxes are paid on quarterly basis: Sec. De Roda also directed the provincial, city and municipal assessors to provide assistance to taxpayers who are filing sworn statements of the true value of real properties pursuant to Presidential Decree No. 76. The sworn statements are to be submitted to the assessors on or before June 30, 1973.
DEPARTMENT OF Finance issued the procedures in filing protests against tax ordinances as provided under Presidential Decree No. 145 which amended Republic Act No. 2264, otherwise known as Local Autonomy Act. Presidential Decree No. 145 empowers the secretary of finance to review tax ordinances and to suspend their effectivity if the taxes levied, or imposed are unjust, excessive, confiscatory or contrary to declared national economic policy. Formal protests against tax ordinances enacted by the municipal or district councils must be filed with the respective provincial treasurers while protests against ordinances enacted by city councils and municipal boards must be filed with the respective city treasurers. In both cases, a formal protest may be filed within 120 days after the passage of the tax ordinance provided that the secretary of finance shall have 60 days, after the receipt of
the protest, to decide the case. Protests, relying on joint or multiple grounds of illegality and unreasonableness of the rates of imposition or levies, will be administratively resolved by the secretary of finance insofar as the grounds provided under Sec. 2 of RA No. 2264, as amended, are concerned.
BUREAU OF Internal Revenue issued a clarification for the guidance of taxpayers who wish to avail themselves of the tax amnesty grants. The clarification: Presidential Decree No. 23, as amended by Presidential Decree No. 67, refers to untaxed income or wealth as of Dec. 31, 1971 and back years and provides that, upon payment of 10 per cent on such untaxed income, all increments and penalties incident to non-payment as well as all criminal and civil liabilities under the National Internal Revenue Code, the Revised Penal Code, the Anti–Graft and Corrupt Practices Act or any other law applicable thereto are condoned. Presidential Decree No. 157 covers the hidden income or wealth for 1972. This decree grants the same immunities afforded taxpayers under Presidential Decree No. 23, as amended. However, the tax to be paid under Presidential Decree No. 157 shall be the amount shown on the return filed or of an amount equal to the income tax paid for the taxable year of 1971 plus 40 per cent thereof, whichever is higher.
DEPARTMENT OF HEALTH warns against the use of anti-rabies vaccine which could have negative effect on the brain. The department directed its warning to parents since school children would be subject to greater exposure to rabies due to dog bites during the summer vacation. Dr. Jacinto J. Dizon, chief of the Disease Intelligence Center of the Department of Health, bewails the practice of people who immediately try to obtain anti-rabies vaccine for their use without the advice of a doctor, after being bitten by a dog. The safest way, he said, is to consult a doctor or go to the nearest government health center. The common vectors of the rabies in the Philippines are the dogs, cats, pigs, monkeys, bats. In case a dog bites, do the following emergency measures: 1) Wash wound with soap and water. 2) Apply any available antiseptic solution. 3) Observe the dog for 14 days for rabid signs. 4) Consult a doctor, or go to the nearest government health center.
And the plan to draw the seed capital for the pension fund for military retirees (and all government retirees later on) from the profits of the reclamation project in Manila Bay—from the Cultural Center to Kawit, Cavite and from the North Bay Boulevard to Bataan.
We should be able to raise several hundred million pesos from this source.
Ordered the publication of my order granting priority rights of possession and exploitation to the original locator of a mine.