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REPUBLIC ACT NO. 3841 - AN ACT TO
AMEND CERTAIN Sec.S OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED
SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS
AMENDED
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Section
1. Subsection (b) of Section twenty-two of
Commonwealth Act Numbered Four Hundred Sixty-Six, as amended, is hereby
further amended to read as follows:
"(b)
Non-resident alien not engaged in trade or
business within the Philippines. — There shall be levied, collected and
paid for each taxable year upon the entire income received from all
sources within the Philippines by every non-resident alien individual
not engaged in trade or business within the Philippines as interest,
dividends, rents, salaries, wages, premiums, annuities, compensations,
remunerations, emoluments, or other fixed or determinable annual or
periodical or casual gains, profits and income, and capital gains a tax
to twenty per centum of such income: Provided, That if the total income
received by such non-resident alien individual from all sources within
the Philippines exceeds twenty-three thousand eight hundred pesos, the
rates established in Section twenty-one shall apply, but in no case
shall the tax imposed under this subsection be less than twenty per
centum of the total income."
Sec. 2. Subsection (b) (1) of Section twenty-four of the same Act, as amended, is further amended to read as follows: "(b)
Tax on foreign corporations. — (1) Non-resident
corporations. — There shall be levied, collected and paid for each
taxable year, in lieu of the tax imposed by the preceding paragraph,
upon the amount received by every foreign corporation not engaged in
trade or business within the Philippines, from all sources within the
Philippines, as interest, dividends, rents, salaries, wages, premiums,
annuities, compensations, remunerations, emoluments, or other fixed or
determinable annual or periodical or casual gains, profits and income,
and capital gains, a tax equal to thirty per centum of such amount."
Sec. 3. This Act shall take effect upon its approval. Approved: June 22, 1963 |
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