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.
ACTS
PLEASE CLICK HERE FOR THE LATEST ➔ PHILIPPINE LAWS, STATUTES & CODES
ON-LINE
Sponsored
by: The
ChanRobles Group
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
THE CHAN ROBLES VIRTUAL LAW LIBRARY - GLANCE
Philippines|Worldwide|The Business Page
ACT NO. 2019 - AN ACT TO AMEND
SUBSECTION (a) OF SECTION TWENTY OF ACT NUMBERED SEVENTEEN HUNDRED AND
SIXTY-ONE, KNOWN AS THE OPIUM ACT, BY PROVIDING FOR THE COLLECTION OF
TAXES ON THE AMOUNT OF OPIUM OR ITS DERIVATIVES CONTAINED IN CERTAIN
MEDICINAL PREPARATIONS AND FOR OTHER PURPOSES
Section 1.
"(a)
"On all opium cooked or prepared in the Philippine Islands every
wholesale dealer shall pay to the Collector of Internal Revenue at the
time of such cooking or preparation an additional internal-revenue tax
of five pesos on each kilo, net weight, of such cooked or prepared
opium. Beginning with the first day of November, nineteen hundred and
seven, the internal-revenue tax on opium cooked or prepared in the
Philippine Islands shall be increased each month by an amount equal to
twenty per centum of the original tax imposed herein. The burden of
proving that the internal-revenue tax hereby imposed has been paid
shall be upon the wholesale dealer.
"Net weight shall be determined by the customs laws and regulations
covering the importation of opium into the Philippine Islands.
"Before any opium is withdrawn or removed from the place in which it is
kept or stored, as prescribed by this Act, it shall be marked, branded,
or otherwise identified in the manner prescribed by the Collector of
Internal Revenue and approved by the Secretary of Finance and Justice."
Sec. 2.
chanrobles virtual law library
Since 19.07.98.