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A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
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ACT NO. 2336
ACT NO. 2336 - AN ACT TO AFFORD
RELIEF TO CERTAIN BANKS AND BANKERS WHICH HAVE INCURRED THE DELINQUENCY
PENALTIES PRESCRIBED IN SECTION ONE HUNDRED AND TWELVE OF ACT NUMBERED
ELEVEN HUNDRED AND EIGHTY-NINE, AND CONFIRMING, RATIFYING, AND
APPROVING THE ACTION OF THE COLLECTOR OF INTERNAL REVENUE IN EXTENDING
THE TIME FOR THE PAYMENT OF CERTAIN TAXES WITHOUT PENALTY
Section 1. The Collector of Internal Revenue is hereby
authorized to remit all penalties heretofore incurred by banks or
bankers under section one hundred and twelve of Act Numbered Eleven
hundred and eighty-nine for delinquency in the payment of the taxes
imposed upon them by article ten of said Act, when it shall be shown
that such delinquencies were incurred by reason of the fact that the
Collector of Internal Revenue had previously granted an extension of
time in which such taxes might be paid without penalty, and the taxes
due were paid within the time authorized by the Collector of Internal
Revenue.
Sec. 2. The action of the Collector of Internal
Revenue in granting to banks and bankers a reasonable time in which to
determine the amount of taxes due, and to permit the payment thereof
without penalty within such time, and in extending by regulations the
time in which persons subject to internal-revenue license and business
taxes might pay same without penalty, is hereby confirmed, ratified,
and approved.
Sec. 3. The Collector of Internal Revenue is
hereby authorized to accept the taxes which under the provisions of
section one hundred and twelve of Act Numbered Eleven hundred and
eighty-nine were due and payable on the first day of February, nineteen
hundred and fourteen, without penalty if same are paid on or before the
thirtieth day of April, nineteen hundred and fourteen.
Sec. 4. This Act shall take effect upon its
passage.
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