EXECUTIVE ORDER NO. 977 - AMENDING EXECUTIVE ORDER NO. 960 ENTITLED “IMPOSING AN AD VALOREM TAX ON CIGARETTES IN ADDITION TO THE SPECIFIC TAX LEVIED THEREON”

Section 1. Executive Order No. 960, dated June 11, 1984, entitled “Imposing An Ad Valorem Tax On Cigarettes In Addition To the Specific Levied Thereof,” is hereby amended as follows:

Sec. 2. The Minister of Finance, upon recommendation of the Commissioner of Internal Revenue, shall promulgate the necessary rules and regulations to effectively implement the provisions of this Order, subject to the approval of the President of the Philippines. 

Sec. 3. This Order shall take effect immediately.

Done in the City of Manila, this 22nd day of August in the Year of Our Lord, Nineteen Hundred and Eighty-Four.