REPUBLIKA NG PILIPINAS

MINISTRI NG PANANALAPI
MAYN I LA

MINISTRY ORDER NO. 35-84

PRESCRIBING RULES AND REGULATIONS TO

IMPLEMENT THE PROVISIONS OF PRESIDENTIAL
DECREE NO. 1955.

Pursuant to the provisions of Section 2 of Presidential

Decree No. 1955, the following rules and regulations are
hereby prescribed:
SECTION 1.
Withdrawal of exemptions or preferential
As provided for in
ion 1 of Presidential
treatment. eme.
1955, all exemptions from or any preferential treatment
cr
in the payment of duties, taxes, fees, imposts and other charges
heretofore granted to private business enterprises and/or
persons engaged in any economic activity are withdrawn
effective October 15, 1984, provisions of any special or
general law to the contrary notwithstanding, except as provided
for therein and Section 2 of these rules and regulations.
The withdrawal of exemption from
SECTION 2.
Exceptions. or preferential treatment in the payment of duties, taxes, fees,
imposts and other charges shall not affect the following:
a)

those registered by the Board of Investments

under Presidential Decree No. 1789, as amended
by Batas Pambansa Blg. 391, otherwise referred
to as the Investment Incentive Policy Act
of 1983;

b)

those registered by the Export Processing

Zone Authority under Presidential Decree
No. 66, as amended by Presidential Decree
Nos, 1449, 1776, 1776-A and 1786, otherwise
referred to as the Revised Charter of the
Foreign Trade Zone Authority;

c)

the copper mining industry in accordance with

the provisions of LOI No. 1416;

d)

those covered by international agreements to

which the Philippines is a signatory, such
as the Convention on Privileges and Immunities
of the United Nations and its Specialized
Agencies; the Headquarters Agreement with the

!SANG BANSA, ISANG DIWA, ISANG WIKA

ti

Asian Development Bank; the Agreements

on United States Military Facilities in
Philippine Military Bases; various trade
agreements, and others;
e)

those covered by the non-impairment", clause

of the Constitution such as franchises, and

f)

those that may be approved by the President

of the Philippines, upon the recommendation
of the Minister of Finance.

The terms "exemption from or preferential treatment in the

payment of duties and taxes" doe'*'not apply to conditionally
free importations, as enumerated in Section 105 of the Tariff
and Customs Code, nor to the importations not subject to the
Compensating Tax enumerated in Section 204 of the National
Internal Revenue Code.
All Ministry Orders,
Repealing Clause.. SECTION 3.
herewith are hereby
Circulars, Orders, anU rulings
repealed, amended or modified accordingly.
Effectivit .. SECTION 4.
1984.
shall take effect October '

These rules and regulations

ALFREDO PIO DE R
t
Acting