Proclamation No. 601




MALACAÑAN PALACE MANILA BY THE PRESIDENT OF THE PHILIPPINES [ Proclamation No. 601, July 14, 1959 ] SUSPENDING THE REDUCTION OF THE SPECIAL IMPORT TAX TO 11.9 PER CENT AND INCREASING THE RATE OF SUCH TAX TO 15.3 PER CENT TO BE APPLIED ON ALL GOODS, ARTICLES, OR PRODUCTS IMPORTED OR BROUGHT INTO THE PHILIPPINES, IRRESPECTIVE OF SOURCE, DURING THE CALENDAR YEAR 1959, STARTING FROM JANUARY FIRST WHEREAS, the total collections from the 17 per cent tax on the sale of foreign exchange under Republic Act No. 601, as amended, during the calendar year 1955 on goods, articles, or products imported or brought into the Philippines from the United States amounted to ₱68,929,140.00, as reported by the Central Bank of the Philippines; WHEREAS, the collections from the 25 per cent import duties and 13.6 per cent special import tax on goods, articles, or products imported or brought into the country from the United States subject to said duties and tax from January 1 to December 31, 1958, as reported by the Bureau of Customs, amounted to only ₱62,684,354.60, which is below the level attained in calendar year 1955; WHEREAS, it is considered necessary to restore in calendar year 1959, under existing conditions, the total revenue to be collected on the importation of United States goods, articles, or products to the level of the exchange tax collected thereon during the calendar year 1955; NOW, THEREFORE, I, CARLOS P. GARCIA, President of the Philippines, by virtue of the powers vested in me by law and pursuant to section 2(a) of Republic Act No. 1394, do hereby authorize the suspension of the reduction of the rate of Special Import Tax to 11.9 per cent and, in lieu thereof, increase the rate of said tax to the previous rate of 15.3 per cent applicable to all goods, articles, or products imported or brought into the Philippines, irrespective of source, during the calendar year 1959, starting from January 1. IN WITNESS WHEREOF, I have hereunto set my hand .and caused the seal of the Republic of the Philippines to be affixed.1aшphi1 Done in the City of Manila, this 14th day of July, in the year of Our Lord, nineteen hundred and fifty-nine, and of the Independence of the Philippines, the fourteenth. CARLOS P. GARCIA President of the Philippines By the President: JUAN C. PAJO Executive Secretary The Lawphil Project - Arellano Law Foundation