Presidenti Al Decree: Group 13 - Tristan Madriaga Russel Molina Angelica Joy Pustasa
Presidenti Al Decree: Group 13 - Tristan Madriaga Russel Molina Angelica Joy Pustasa
Presidenti Al Decree: Group 13 - Tristan Madriaga Russel Molina Angelica Joy Pustasa
AL DECREE
No. 1152
GROUP 13 - TRISTAN MADRIAGA RUSSEL MOLINA ANGELICA JOY PUSTASA
PHILIPPINE
ENVIRONMENT CODE
Section 1- This Decree shall be known and cited as the
"Philippine Environment Code."
TITLE I
Air Quality Management
CHAPTER VI
Conservation and Utilization of Surface Ground Waters
a) exemption to the extent of fifty (50) percent of tariff duties and compensating tax
for importation of pollution control equipment, devices, spare parts and accessories
for a period of five (5) years from the effectivity of this Decree subject to the
conditions that will be imposed by the Council;
b) a tax credit equivalent of fifty (50) percent of the value of the compensating
tax and tariff duties that would have been paid on the pollution control
equipment, devices, spare parts and accessories had these items been imported
shall, within a period of seven (7) years from the effectivity of this effectivity of
this Decree, be given to the person or firm who or which purchases them from a
domestic manufacturer, and another tax credit equivalent to twenty-five (25) per
cent thereof shall be given to the said manufacturer subject to such conditions
as may be imposed by the Council; and
c) deductions equivalent to fifty (50) per cent of the expenses actually incurred on
research projects undertaken to develop technologies for the manufacture of
pollution control equivalent which have been proven effective and commercially
reproducible, from the taxable income of the person or firm actually undertaking
such projects subject to the conditions that may be imposed by the Council.
Section 64. Effectivity. - This Code shall take effect upon its
approval.
Done in the City of Manila, this 6th day of June in the year of Our Lord,
nineteen hundred and seventy-seven. (Sgd.) FERDINAND E.
MARCOS
President