GTEB CIRCULAR NO. 002

: The office rental increased by 164%, which justified the increase in assessment fees.
: The increase was approved by the Board in its meeting on January 4, 1990.
: The new assessment fee is Three Centavos (P0.03) per square meter equivalent (SME).
: The previous assessment fee rate was P0.024 per SME.
: The minimum assessment fee payable is Thirty Pesos (P30.00), regardless of the size.
: Section VI, Item 1 of the GTEB Rules and Regulations was amended by this Circular.
: This Circular takes effect five (5) days after its publication.
: Gloria Macapagal-Arroyo, the Executive Director, adopted the Circular.
: All Export Quotas and Export Authorizations awarded by the Board are subject to the new assessment fee.
: No, the assessment fee cannot be lower than Thirty Pesos (P30.00) regardless of the computed fee based on the rate per SME.