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| Home > Chan Robles Virtual Law Library > Philippine Laws, Statutes & Codes > Republic Acts : |
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REPUBLIC ACTS
| REPUBLIC ACT NO. 969 - AN ACT TO
AMEND SUBPARAGRAPH (b) OF THE FIRST PARAGRAPH OF Sec. ONE HUNDRED
EIGHTY-EIGHT OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED,
REGARDING TRANSACTIONS AND PERSONS NOT SUBJECT TO PERCENTAGE TAX |
| Section 1.
Subparagraph (b) of the first paragraph of section one hundred
eighty-eight, Commonwealth Act Numbered Four hundred sixty-six, as
amended, is further amended to read as follows: "(b)
Agricultural products and the ordinary salt when sold, bartered, or
exchanged in this country by the producer or owner of the land where
produced, as well as fish and its by-products when sold, bartered or
exchanged by the fisherman or fishing operator, whether in their
original state or not." Sec. 2. This Act shall take effect upon its approval. Approved: June 20, 1953 |
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