PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
| REPUBLIC ACT NO. 1065 - AN
ACT EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED SIX HUNDRED,
ENTITLED "AN ACT TO PRESCRIBE A GRADUATED SCALE FOR THE INCOME TAX ON
CORPORATIONS BY AMENDING SECTIONS 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 three of Republic Act Numbered Six hundred, as amended by
Republic Act Numbered Eight hundred and sixty-eight, is further 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-five, after the expiration of which later date the
provisions of sections twenty-four and fifty-four of the National
Internal Revenue Code, as amended, shall again be in full force and
effect."
Sec. 2. This Act shall take effect upon its approval. Approved: June 12, 1954 |