QuestionsQuestions (EXECUTIVE ORDER NO. 550)
Executive Order No. 550, titled “Revising the Rates of Specific Tax on Gasoline,” revises the rates of specific tax on gasoline under Section 153(c) of the National Internal Revenue Code of 1977.
It revised the “rates of specific tax on gasoline” under Section 153(c) of the National Internal Revenue Code of 1977, as amended.
“Specific tax” refers to a tax imposed at a fixed amount per unit of measure—here, per liter of gasoline.
Regular gasoline was set at P0.62 per liter.
Premium gasoline was set at P0.67 per liter.
It took effect on August 1, 1979, as stated in Section 2.
It was “Done in the City of Manila, this 1st day of August… nineteen hundred and seventy-nine.”
It was signed by President Ferdinand E. Marcos. It was by the President, attested by Juan C. Tuvera, Presidential Assistant (as shown by the signature blocks).
The text cites increased crude oil prices adversely affecting infrastructure projects and escalations of vital project materials/equipment, and that the country’s economic development cannot be deferred amid constant price increases.
Section 1 expressly states that the gasoline specific tax rates under Section 153(c) are revised.
It provides statutory authority for the President to revise tax rates, serving as the legal basis referenced in the opening paragraph of the executive order.
The tax amount is based on volume, specifically the number of liters—because the rates are stated as pesos per liter.
The executive order revises the rates under Section 153(c), meaning the prior specific tax rates are superseded as of the effective date specified (August 1, 1979).
Section 1 sets the revised tax rates (substantive provision), while Section 2 provides the effective date (procedural/temporal provision).