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REPUBLIC ACT NO. 253 - AN
ACT AMENDING SECTION ONE HUNDRED AND EIGHTY-THREE AND ONE HUNDRED AND
NINETY OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED |
Section 1. Section one hundred and eighty-three of
Commonwealth Act Numbered Four hundred and sixty-six, otherwise known
as the National Internal Revenue Code, as amended by section seven of
Republic Act Numbered Forty-eight, is hereby further amended to read as
follows: "Sec. 183. Payment of percentage taxes — (A) In general. — The percentage taxes on business shall be payable at the end of each calendar quarter in the amount lawfully due on the business transacted during each quarter; and it shall be the duty of every person conducting a business on which a percentage tax is imposed under this Title, within twenty days after the end of each calendar quarter, to make a true and complete return of the amount of the gross sales, receipts, or earnings, or gross value of output actually removed from the factory or mill warehouse, during the preceding calendar quarter and pay the tax due thereon: Provided, That it shall be the duty of any person retiring from a business subject to the percentage tax to notify immediately the nearest internal-revenue officer thereof and, within ten days after closing his business, file his return or declaration, and pay the tax due thereon. "If the percentage tax on any business is not paid within the time prescribed above, the amount of the tax shall be increased by twenty-five per centum, the increment to be a part of the tax. "In case of willful neglect to file the return within the period prescribed herein, or in case a false and fraudulent return is wilfully made, there shall be added to the tax or to the deficiency tax, in case any payment has been made on the basis of such return before the discovery of the falsity or fraud, a surcharge of fifty per centum of its amount. The amount so added to any tax shall be collected at the same time and in the same manner and as part of the tax unless the tax has been paid before the discovery of the falsity or fraud, in which case the amount so added shall be collected in the same manner as the tax. "(B) Advance payment of sales tax on imported and locally produced and manufactured articles. — In the case of imported articles, the percentage taxes established in sections one hundred and eighty-four, one hundred eighty-five, and one hundred eighty-six of this Code shall be paid in advance by the importer, in accordance with regulations promulgated by the Secretary of Finance and prior to the release of such articles from customs' custody, based on the total value thereof at the time they are received by the importer, including freight, postage, insurance, commission, customs duty, and all similar charges. In the case of locally produced or manufactured articles, the percentage taxes established in the said sections shall likewise be paid in advance on the total value thereof prior to removal from the producer's or manufacturer's warehouse. The amount so paid in advance in accordance with this subsection shall be credited against the percentage taxes due on the sales by the taxpayer for each calendar quarter." Sec. 2. Section one hundred and ninety of
Commonwealth Act Numbered Four hundred and sixty-six, as last amended
by section eight of Republic Act Numbered Forty-eight, is hereby
further amended to read as follows: Sec. 3. All laws or parts of laws inconsistent with the provisions of this Act are here repealed. Sec. 4. This Act shall take effect on July 1, 1948. Approved: June 14, 1948 |
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