Law Summary
Increase of Selling Price of Annual Report Booklet
This memorandum circular addresses the adjustment of selling prices for annual report booklets as authorized by the Board.
Legal Principle/Provision
- The Board has the authority to fix, impose, and collect reasonable fees and charges for services rendered under Section 5 (j) of Executive Order 202.
Key Definitions Introduced
- Annual Report Booklet: A document containing information required for compliance by single proprietors, corporations, partnerships, and cooperatives.
Important Requirements or Procedures Outlined
- The selling price for:
- Single proprietors is increased from Ten Pesos (Php 10.00) to Twenty Pesos (Php 20.00) per booklet.
- Corporations, partnerships, and cooperatives is increased from Fifteen Pesos (Php 15.00) to Thirty Pesos (Php 30.00) per booklet.
- The selling price for:
Relevant Timeframes, Deadlines, or Expiration Details
- The circular takes effect immediately upon the filing of three copies with the UP Law Center, as per Presidential Memorandum Circular No. 11, dated 09 October 1992.
Penalties, Liabilities, or Consequences Mentioned
- All previous issuances or parts that are inconsistent with this circular are modified or suspended accordingly.
Adoption and Approval
The memorandum circular was formally adopted on December 9, 2004 by the following officials:
- Chairperson: Maria Elena H. Bautista (SGD.)
- Board Member: Felix S. Racadio (SGD.)
Key Takeaways
- The selling price for annual report booklets has been increased to adjust for rising acquisition costs.
- The circular reflects the Board's authority to review and adjust fees per Executive Order 202.
- The increase in prices applies immediately post-filing with the UP Law Center, modifying any inconsistent previous regulations.