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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 :
REPUBLIC ACTS
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REPUBLIC ACT NO. 1253 - AN
ACT CONDONING THE PAYMENT OF INTEREST, PENALTIES AND SURCHARGES ON
ESTATE AND INHERITANCE TAXES DUE FROM THE ESTATE OF VETERANS,
GUERRILLAS OR VICTIMS OF JAPANESE ATROCITIES WHO DIED DURING THE
JAPANESE OCCUPATION SUBJECT TO CERTAIN CONDITIONS AND FOR OTHER PURPOSES |
Section 1. The
provisions of the National Internal Revenue Code to the contrary
notwithstanding, the collection of interest, and/or penalties and
surcharges due on inheritance and estate taxes from the estate of
veterans, guerrillas or victims of Japanese atrocities who died during
the Japanese occupation, from the time such interest, and or penalties
and surcharges accrued up to actual payment, is hereby waived:
Provided, however, That the basic tax is paid on or before December 31,
1955.cralaw
Sec. 2. Taxes remaining unpaid after said date shall not be covered by the provisions of this Act. Sec. 3. Payments already made in the concept of interest, and/or penalties and surcharges due on account of such inheritance and estate taxes shall not be reimbursed but shall be applied to the payment of the basic tax.cralaw Sec. 4. Nothing in this Act shall be construed to mean the condonation of any tax of whatever nature. Sec. 5. This Act shall take effect upon its
approval.cralaw Approved: June 10, 1955 |