LETTER OF INSTRUCTIONS NO. 664, January 28, 1978

[ LETTER OF INSTRUCTIONS NO. 664, January 28, 1978 ]

TO: The Secretary of Finance The Commissioner, Bureau of Internal Revenue All Concerned

In line with the policy of the Government to provide continuous food supply to the nation within the reach of the greater masses of our people, you are hereby directed to suspend until further studies the implementation of Section 192 of the National Internal Revenue Code of 1977 increasing taxes on annual gross Sales as far as Rice and Corn are concerned.

This Letter of Instruction shall take effect immediately.

Done in the City of Manila, this 28th day of January, in the year of Our Lord, nineteen hundred and seventy-eight.

(Sgd.) FERDINAND E. MARCOS President of the Philippines