Question & AnswerQ&A (EXECUTIVE ORDER NO. 354)
Executive Order No. 354 is titled "Waiving the Additional Progressive Taxes to be Collected from, and Paid by, Proprietors and Operators of Certain Sugar Mills for the Crop Year 1958-1959" and was signed on August 21, 1959.
The purpose of Executive Order No. 354 is to waive the additional progressive taxes to be collected from, and paid by, proprietors and operators of certain sugar mills for the crop year 1958-1959.
Section 2 of Commonwealth Act No. 567 provides the authority for the imposition of additional progressive taxes that were waived by this Executive Order.
The taxes were waived because most sugar centrals were still rehabilitating war-damaged facilities and incurring heavy expenditures. Some were operating at a loss or with insignificant profits, and imposing the taxes would have been unduly oppressive or confiscatory.
The sugar mills covered include Ormoc Sugar Company Inc., Bogo-Medellin Milling Co., Inc., Asturias Sugar Central, Inc., Central Azucarera del Norte, and Hind Sugar Company.
Ormoc Sugar Company Inc. must continue to provide transportation allowances to its planters as stipulated in the revised milling contract between the central and its planters.
Bogo-Medellin Milling Co., Inc. must continue improvements to increase mill and factory capacity, and sustain the increased planters' participation of 57.5%, including the escalator clause providing planters 60% of sugar and molasses from the 131st milling day onwards.
Asturias Sugar Central, Inc. must continue to increase planter participation to 57.5%.
They are required to pay 55% of the equivalent of the progressive tax to central planters as additional benefits.
It was signed on August 21, 1959, in the City of Manila.
Juan C. Pajo signed the executive order as the Executive Secretary.