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Presidential Decree No. 1252

Presidential Decree No. 1252

AMENDING PRESIDENTIAL DECREE NO. 1193 ENTITLED, "AUTHORIZING THE TOURIST DUTY FREE SHOPS, INC. TO ESTABLISH AND OPERATE DUTY AND TAX FREE STORES AND REQUIRING IT TO PAY FRANCHISE TAX IN LIEU OF ALL OTHER TAXES"

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Section 1

Section six of Presidential Decree No

Section 1. Section six of Presidential Decree No. 1193 is hereby amended to read as follows:

"Sec. 6. Imported articles/merchandise in stock in such Tourist Duty-Free Shops may be sold duty/tax free to:

"a) Foreign embassies, legations, consular offices except consuls ad honorem who are nationals of the Philippines, and other foreign governments and/or international agencies, institutions, associations, or organizations, entitled to exemptions pursuant to agreements or special laws, without the necessity of securing prior approval from the departments of Foreign Affairs and Finance;

"b). . . .

"c). . . .

"d). . . .

Section 2

This Decree shall take effect immediately

Section 2. This Decree shall take effect immediately.

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