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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.
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| REPUBLIC ACT NO. 2704 - AN ACT TO
FURTHER AMEND SUBSECTION (b) OF SECTION ONE HUNDRED EIGHTY-THREE OF THE
NATIONAL INTERNAL REVENUE CODE |
|
Section 1.
Subsection (b) of Section one hundred eighty-three of the National
Internal Revenue Code, as amended, is further amended by inserting
between the first and second paragraphs of said section the following: "The tax herein imposed shall be
collected in all cases where the original importer sold, transferred,
or negotiated the imported articles to third persons before release
thereof from Customs custody, regardless of the tax status of the
original importer and the indorsee or transferee, the same to be paid
by the transferee and/or indorsee. Sec. 2. This Act shall take effect upon its approval. Approved:
June 18, 1960 |
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