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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. 868 - AN ACT TO
AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED, ENTITLED "AN
ACT TO PRESCRIBE A GRADUATED SCALE FOR THE INCOME TAX ON CORPORATIONS
BY AMENDING SECTION TWENTY-FOUR AND FIFTY-FOUR OF COMMONWEALTH ACT
NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL
INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES" |
| Section 1.
Section s three of Republic Act Numbered Six hundred is amended to read
as follows: "Sec. 3. The
provisions of this Act shall apply to income received from January
first, nineteen hundred and fifty-one to December thirty-one, nineteen
hundred and fifty-four, after the expiration of which later date the
provisions of Republic Act Numbered Five hundred and ninety amending
sections twenty-four and fifty-four of the National Internal Revenue
Code, as amended, shall be in full force and effect." Sec. 2. This Act shall take effect upon its approval. Approved: June 16, 1953 |
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