Attached herewith, for your information and guidance, is the text of the letter^* dated March 12, 1996 from the Office of the President, Malaca ang, Manila, to the Digital Telecommunications Philippines, Inc. containing a ruling as to the tax status of the latter, subject of the herein 1st Indorsement^* dated March 27, 1996 from the Asst. Secretary, Revenue Operations Group, Department of Finance, which is self-explanatory.

All concerned shall be guided accordingly.

Adopted: 09 May 1996

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^* Text Available at Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City

^* Text Available at Office of the National Administrative Register, U.P. Law Complex, Diliman, Quezon City