A
collection of Philippine laws, statutes and codes
not
included or cited in the main
indices
of
the
Chan Robles Virtual Law Library
PRESIDENTIAL DECREE NO. 796
|
PRESIDENTIAL DECREE NO. 796 -
AMENDING Section 5 OF THE LOCAL TAX CODE
|
chanroblesvirtualawlibrary
I,
FERDINAND E. MARCOS, President of the Philippines, by virtue of the
powers vested in me by the Constitution, do hereby decree and order:cralaw:red
Section 1. Section 5 of Presidential Decree No. 231
otherwise known as the Local Tax Code, is hereby amended to read as
follows:cralaw:red
"Sec. 5. Common limitations on the taxing powers of
local governments. The exercise of the taxing powers of provinces,
cities, municipalities and barrios shall not extend to the imposition
of the following:cralaw:red
xxx
xxx
xxx
1) Taxes on the business of persons engaged in the
printing and publication of any newspaper, magazine, review or bulletin
appearing at regular intervals and having fixed prices for subscription
and sale, and which is not published primarily for the purpose of
publishing advertisements."
Section 2. All provisions of laws, decrees, executive
orders, rules or regulations inconsistent with this Decree are hereby
amended, modified or repealed accordingly. chanroblesvirtualawlibrary
Section 3. This Decree shall take effect immediately.
Done in the City of Manila,
this 4th day of September, in the year of Our Lord, nineteen hundred
and seventy-five.
|
Back
to Home
- Back
to Main
chanroblesvirtuallawlibrary
Since 19.07.98
|
