Law Summary

Background and Authority

• Explanation: This Executive Order is issued by President Elpidio Quirino under the authority provided by Section 53 of Commonwealth Act No. 470, as amended by Commonwealth Act No. 534.
• Key Definitions:
  • Executive Order: A directive issued by the President of the Philippines to manage the operations of the government.
  • Commonwealth Act: Refers to legislation enacted during the Commonwealth period of the Philippines.

Tax Remission

• Explanation: The Executive Order remits 50% of the taxes owed for the year 1952 on all real properties located in the Province of Romblon.
• Important Requirements/Procedures:
  • The remission is conditional upon the payment of:
    • All unpaid taxes and penalties corresponding to the years 1951 and prior.
    • The remaining 50% of the 1952 taxes.

Payment Deadline

• Explanation: There is a specified deadline for the fulfillment of the payment conditions for the tax remission to take effect.
• Timeframes:
  • Payments must be made on or before December 31, 1952 to qualify for the tax reduction.

Consequences of Non-Compliance

• Explanation: Failure to meet the payment requirements will result in the loss of the 50% tax remission.
• Penalties/Liabilities:
  • Unpaid taxes and penalties from 1951 and prior years remain enforceable.

Signature and Authority

• Explanation: The order is formally signed by President Elpidio Quirino and countersigned by Marciano Roque, the Acting Executive Secretary.
• Cross-References:
  • This Executive Order references Commonwealth Acts pertaining to taxation and governance.

Key Takeaways

• Executive Order No. 542 grants a 50% tax reduction on 1952 real property taxes in Romblon, contingent upon the payment of previous dues by December 31, 1952.
• Non-compliance with payment requirements results in the full tax liability remaining enforceable.
• This order is issued under specific Commonwealth Acts, reflecting the legal authority of the President in tax matters.