ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
REPUBLIC ACTS
.
AN ACT AMENDING OR REPEALING
CERTAIN SECTIONS OF TITLE V OF THE NATIONAL INTERNAL REVENUE CODE |
Section 1. Sec. one hundred and eighty-four of Commonwealth Act Numbered Four hundred and sixty-six, as amended by Sec. one of Commonwealth Act Numbered Five hundred and twenty-five, is hereby further amended to read as follows: "Sec.
184. Percentage tax on sales of jewelry, automobiles,
toilet preparations, and others. — There is levied, assessed and
collected once only on every original sale, barter, exchange, or
similar transaction intended to transfer ownership of, or title to, the
articles hereinbelow enumerated a tax equivalent to twenty per centum
of the gross selling price or gross value in money of the articles so
sold, bartered, exchanged, or transferred, such tax to be paid by the
manufacturer, producer, or importer: Provided, That where the articles
are manufactured out of materials subject to tax under this Sec., the
total cost of such materials, as duly established, shall be deductible
from the gross selling price or gross value in money of the
manufactured articles. "(a)
All articles commonly or commercially known as jewelry, whether real or
imitation; pearls, precious and semi-precious stones, and imitations
thereof; articles made of, or ornamented, mounted or fitted with,
precious metals or imitations thereof or ivory (not including surgical
instruments or silver-plated ware, or frames or mountings for
spectacles or eyeglasses); opera glasses, and lorgnettes. Sec. 2. Sec. one hundred and eighty-five of Commonwealth Act Numbered Four hundred and sixty-six, as amended by Sec. two of Commonwealth Act Numbered Five hundred and twenty-five, is hereby further amended to read as follows: "Sec.
185. Percentage tax on sales of automobiles, sporting
goods, refrigerators, musical instruments, and others. — There is
levied, assessed, and collected once only on every original sale,
barter, exchange, or similar transaction intended to transfer ownership
of, or title to, the articles hereinbelow enumerated, a tax equivalent
to ten per centum of the gross selling price or gross value in money of
the articles so sold, bartered, exchanged, or transferred, such tax to
be paid by the manufacturer, producer, or importer: Provided, That
where the articles are manufactured out of materials subject to tax
under this Sec. and Sec. one hundred and eighty-six the total cost of
such materials, as duly established, shall be deductible from the gross
selling price or gross value in money of the manufactured articles. "(a)
Automobile chassis and bodies, the selling price of which does not
exceed five thousand pesos each: Provided, That if the selling price of
an automobile exceeds five thousand pesos, the excess amount shall also
be taxed in accordance with the provisions of Sec. one hundred and
eighty-four hereof. A sale of automobile shall, for the purposes of
this Sec., be considered to be a sale of the chassis and of the body
together with parts and accessories with which the same are usually
equipped; Sec. 3. Sec. one hundred and eighty-six of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "Sec.
186. Percentage tax on sales of other articles. —
There is levied, assessed, and collected once only on every original
sale, barter, exchange, or similar transaction intended to transfer
ownership of, or title to, the articles not enumerated in Sec.s one
hundred and eighty-four and one hundred and eighty-five a tax
equivalent to five per centum of the gross selling price or gross value
in money of the articles so sold, bartered, exchanged, or transferred,
such tax to be paid by the manufacturer, producer, or importer:
Provided, That where the articles are manufactured out of materials
subject to tax under this Sec., the total cost of such materials, as
duly established, shall be deductible from the gross selling price or
gross value in money of the manufactured articles." Sec. 4. Sec. one hundred and eighty-seven of Commonwealth Act Numbered Four hundred and sixty-six, as amended by Sec. one of Commonwealth Act Numbered Five hundred and three, is hereby repealed. Sec. 5. Sec. one hundred and eighty-eight of Commonwealth Act Numbered Four hundred and sixty-six, as amended by Sec. two of Commonwealth Act Numbered Five hundred and three, is hereby further amended to read as follows: "Sec.
188. Transactions and persons not subject to
percentage tax. — In computing the tax imposed in Sec. one hundred and
eighty-four, one hundred and eighty-five, and one hundred and
eighty-six, transactions in the following commodities shall be
excluded: "(a)
Things subject to tax under Title IV of this Code. Sec. 6. Sec. one hundred and eighty-nine of Commonwealth Act Numbered Four hundred and sixty-six, as amended by Sec. three of Commonwealth Act Numbered Five hundred and three, is hereby further amended to read as follows: chan robles virtual law library "Sec.
189. Percentage tax upon proprietors or operators of
rope factories, sugar centrals, rice mills, coconut oil mills, corn
mills, and desiccated coconut factories. — Proprietors or operators of
rope factories, sugar centrals, rice mills, coconut oil mills, corn
mills, and desiccated coconut factories shall pay a tax equivalent to
two per centum of the gross value in money of all the rope, sugar,
rice, coconut oil, ground or milled corn, and desiccated coconut
manufactured or milled by them, including the by-products of the raw
materials from which the said articles are produced or manufactured
such tax to be based on the actual selling price or market value of
these articles at the time they leave the factory or mill warehouse. "In
case the raw materials are manufactured or milled in pursuance of a
contract where the factory, central, or mill receives a share of the
finished products, the tax on the share pertaining to the planter or
owner of the raw materials shall be charged to the planter or owner and
withheld by the proprietor or operator of the factory, central or mill
and paid by him to the Collector of Internal Revenue. Sec. 7. This Act shall take effect on October first, nineteen hundred and forty-six. Approved: October 1,
1946 |
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