Book IV — Health, Safety & Social Welfare
Article 204Exemption from levy, tax, etc.
ELI5— what this means for you
The State Insurance Fund and all its assets are exempt from all taxes, fees, and duties. No future law applies to it unless that law explicitly names the Fund.
Key point
Official text — PD 442
Exemption from levy, tax, etc.
All laws to the contrary notwithstanding, the State Insurance Fund and all its assets shall be exempt from any tax, fee, charge, levy, or customs or import duty and no law hereafter enacted shall apply to the State Insurance Fund unless it is provided therein that the same is applicable by expressly stating its name.
Chapter IX
RECORDS, REPORTS AND PENAL PROVISIONS
Source: lawphil.net (PD 442 as amended)
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