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LETTER OF INSTRUCTIONS
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LETTER OF INSTRUCTIONS NO. 881 -
CLARIFYING THE APPLICABILITY OF PRESIDENTIAL DECREE NO. 1395 |
Bureau of Internal Revenue
The Commissioner
Bureau of Customs
In view of the varied interpretations on the applicability of Presidential Decree No. 1395, enacted on May 31, 1978, as it refers to the Tourist Duty Free Shops which were given exemptions from the five percent (5%) customs duty and five percent internal revenue tax under Presidential Decree No. 1394, also enacted on May 31, 1978, it is hereby directed that, considering the nature of the business operation of the Tourist Duty Free Shops and the circumstances under which Presidential Decree No. 1394 was enacted, the Tourist Duty Free Shops shall not be covered by the provisions of Presidential Decree No. 1395.
Done in the City of Manila, this 26th day of June, in the year of Our Lord, nineteen hundred and seventy-nine.
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