REPUBLIC OF, THE PHILIPPINES

l

DEPARTMENT OF FINANCE MANILA

DEPARTMENT ORDER NO. 43-89 RE:

PROCEDURE IN THE AVAILMENT OF THE "2ND CAR" PRIVILEGE BY QUALIFIED ASIAN DEVELOPMENT BANK ADB PERSONNEL-

Pursuant to Section 79(b) of the Revised Administrative Code and in compliance with the Memorandum dated August 15, 1973 of. the Honorable, the Executive Secretary, to the Secretary of Foreign Affairs and Secretary of Finance, authorizing staff members in the professional or higher level of the Asian Development Bank (ADB) to acquire a 2nd car from local sources (Car Manufacturing Program) subject to the conditions stated therein, the following procedure in the availment of the 2nd car privilege by eligible ADB personnel as well as its registration/disposal thereof, is hereby established: 1.

Procedure in the availment of the 2nd car privilege 1.1. Eligible ADB staff members may avail of the 2nd car privilege^-hereinabove indicated by filing his request/application with the ADB, Attention: The Chief, Office of Administrative Services, enclosing among others, a proforma invoice showing price and tax components separately. 1.2. After due evaluation, the Bank forwards the papers with the necessary recommendaa'ion- to the Department of Foreign Affairs (DFA). 1.3. The Department of Foreign Affairs (DFA), in turn, forwards the request to the Department of Finance (DOF), with appropriate recommendation. 1.4. The Department of Finance (DOF) transmits the request/application with the necessary attachments to the Bureau of Internal Revenue (BIR) with the directive for the issuance of tax exemption certificate, if found in order. 1.5. The Bureau of Internal Revenue (BIR) issues the tax exemption certificate in favor of the grantee/applicant stating, among others, the taxes covered by the exemption. 1.6. The grantee/applicant presents the certificate to any member of the Car Manufacturing Program, on the basis of which, the manufacturer executes - over -

/2 a Deed of Sale minus the amount of taxes indicated in the tax exemption certificate. 1.7. The payment for the purchase of the 2nd car hereinabove mentioned shall be made in a foreign currency acceptable as part of the international reserves of the country, for which reason, the said transaction shall be governed by Central Bank rules and regulations thereto appertaining. 2.

Requirement in the registration of the 2nd car locally sourced 2.1. The existing requirements in the registration of tax-free imported cars of ADB qualified personnel shall be applicable to the 2nd car locally sourced except that the Certificate of Payment shall be issued by the Bureau of Internal Revenue (instead by the Bureau of Customs) before registration with the Land Transportation Office is effected.

3.

Procedure in the subsequent sale of 2nd car locally sourced 3.1. ADB forwards a request for disposal and/or replacement to DFA. 3.2. The DFA, in turn, issues the permission for the disposal/replacement of the 2nd car, if found in order. 3.3. DFA forwards the request to DOF for the payment of the ad valorem/value added tax by the buyer, on the depreciated value of the car, pursuant to existing regulations. 3.4. DOF transmits papers to BIR approving sale of 2nd car with corresponding depreciation allowed under existing regulations. 3.5. BIR issues a receipt evidencing payment of the ad valorem/value added tax/internal revenue tax. 3.6. The Bank reports the sale to DFA for the cancel-

lation of the tax-exempt registration. 3.7. The right to avail of the "2nd car privilege" from local source (Car Manufacturing Program) for replacement may be allowed only after three (3) years after the last availment thereof is made. All Orders, Memoranda and/ Circulars inconsistent herewith are hereby repealed or modified accordingly. This Order shall take effeFt immediately. B

October 13, 1989

DEPARTMENT ORDER NO. 43.pdf

... Pursuant to Section 79(b) of the Revised Administra- tive Code and in compliance with the Memorandum dated ... and regulations thereto appertaining. 2.
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