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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 1076
Board of Chairmen and General Managers of Government-Owned/Controlled Corporations and Heads of Other Governments Agencies
To synchronize, to the maximum extent feasible, our tax laws including
incentives laws and promote a more equitable system of taxation of the
various classes of taxpayers in line with the Constitutional mandate
that taxation shall be uniform and equitable, and to have better
coordination in the enactment of tax and cognate measures which will
obviate the need to frequently amend such legislation which runs
counter to the Government policy of promoting a stable business
climate, I hereby direct that all proposed measures amending any tax
laws, including incentives laws, and cognate measures modifying levies,
charges or imposts, or granting exemption therefrom shall, before they
are submitted to the President or the Batasang Pambansa for
consideration and approval, be submitted first to the Cabinet Standing
Committee for its study and recommendation.
Done in the City of Manila,
this 27th day of October, in the year of Our Lord, nineteen hundred and
eighty.
Since 19.07.98.
