Legal basis for the tax waiver
- Executive Order No. 42 waives the additional progressive taxes that Commonwealth Act No. 567, Section 2 provides.
- The taxes waived are the taxes to be collected from and paid by the proprietors or operators of sugar mills.
Scope of persons and covered transactions
- Executive Order No. 42 covers proprietors or operators of sugar mills.
- The waiver is limited to taxes associated with the 1945-46 crops.
Policy purpose and justification
- Executive Order No. 42 recognizes the precarious condition of the sugar industry.
- It waives the additional progressive taxes to provide relief for the 1945-46 crop in light of that condition.
Waiver of additional progressive taxes
- Executive Order No. 42 waives the additional progressive taxes provided for in Commonwealth Act No. 567, Section 2.
- The waiver covers the taxes “for the 1945-46 crops”.
- The waiver applies to the taxes that would otherwise be collected from and paid by sugar mill proprietors or operators.
Signature and issuance mechanics
- The order is signed by Manuel Roxas, President of the Philippines.
- It is countersigned by Emilio Abello, Chief of the Executive Office.