AMENDING SECTION 358 OF THE NATIONAL INTERNAL REVENUE CODE AS AMENDED BY REPUBLIC ACT NO. 6110 TO INSURE THE IMPLEMENTATION OF THE PROGRAMS INITIATED BY THE BUREAU OF INTERNAL R…

WHEREAS, to attain the objectives for increased tax
collections and effectively insure the implementation of its programs,
the Bureau of Internal Revenue has initiated the setting up of permanent
offices and thereby establish a permanent repository of the records of
the Bureau of Internal Revenue;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the
Philippines, by virtue of the powers in me vested by the Constitution as
Commander-in-Chief of the Armed Forces of the Philippines, and pursuant
to Proclamation No. 1081, dated September 21, 1972, and General Order
No. 1, dated September 22, 1972, as amended, do hereby declare and order
that:

1. Section 358 of the National Internal Revenue Code, as
   amended by Republic Act No. 6110 be amended to read as follows:

   “SEC. 358. Disposition of proceeds of certain taxes. —
   One percent of the proceeds from the percentage taxes provided in Title
   V shall accrue to a special fund which shall be disbursed for the
   effective implementation of the provisions of this Code, including
   research, the purchase of necessary vehicles and equipment, confidential
   tax information; for services and maintenance, rental amortization of
   buildings, construction and repair of national, regional and district
   offices. This amount shall be considered receipts automatically
   appropriated and shall be retained and disbursed by the Commissioner of
   Internal Revenue. The provisions of any law, rules or regulations to the
   contrary notwithstanding, any disbursement from this fund shall be
   accounted for solely on the certificate of the Commissioner of Internal
   Revenue. After deducting the special fund stated herein and the existing
   special allotments, the balance of the proceeds shall be disposed of in
   accordance with Presidential Decree No. 144, Series of 1973.

2. This amendment shall be effective only for a period of six
   years from July 1, 1973, unless extended.

Done in the City of Manila, this 13th day of March, in the year of
Our Lord, nineteen hundred and seventy-three.