RMC No. 50-2010 — Publishes the full text of Memorandum Order No. 314 regarding the Approved 2010 Investment Priorities Plan Digest | Full Text

REPUBLIC OF THE PHILIPPINES DEPARTMENT OF FINANCE BUREAU OF INTERNAL REVENUE SUBJECT : REVENUE MEMORANDUM CIRCULAR NO. 50-2010 TO : Publishing the full text of Memorandum Order No. 314 Approving the 2010 Investment Priorities Plan All Revenue Officials, Employees and Others Concerned For the information and guidance of all internal revenue officers, employees and others concerned, quoted hereunder is the full text of Memorandum Order No. 314 issued by the President of the Republic of the Philippines on April 30, 2010. MALACA�ANG Manila BY THE PRESIDENT OF THE PHILIPPINES MEMORANDUM ORDER NO. 314 APPROVING THE 2010 INVESTMENT PRIORITIES PLAN Pursuant to Article 29 of the Omnibus Investment Code of 1987, the attached 2010 Investment Priorities Plan (IPP) is hereby APPROVED. Further to the provision of said Article, upon the effectivity of the IPP, all government agencies and entities are enjoined not to adopt any policy or take any course of action contrary to or inconsistent with the IPP. This Memorandum Order shall take effect fifteen (15) days after its publication in a national newspaper of general circulation as required under Article 31 of the Omnibus Investments Code of 1987. DONE in the City of Manila, this 30th of April, in the year of our Lord, Two Thousand and Ten. By the President: (Original Signed) LEANDRO R. MENDOZA Executive Secretary 1

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This Memorandum Order was signed on April 30, 2010 and published in a newspaper of general circulation on May 21, 2010. 12

All concerned are hereby enjoined to be guided accordingly and give this circular as wide publicity as possible. (Original Signed) JOEL L. TAN-TORRES Commissioner of Internal Revenue 13