PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
| REPUBLIC ACT NO. 1253 - AN
ACT CONDONING THE PAYMENT OF INTEREST, PENALTIES AND SURCHARGES ON
ESTATE AND INHERITANCE TAXES DUE FROM THE ESTATE OF VETERANS,
GUERRILLAS OR VICTIMS OF JAPANESE ATROCITIES WHO DIED DURING THE
JAPANESE OCCUPATION SUBJECT TO CERTAIN CONDITIONS AND FOR OTHER PURPOSES |
| Section 1. The
provisions of the National Internal Revenue Code to the contrary
notwithstanding, the collection of interest, and/or penalties and
surcharges due on inheritance and estate taxes from the estate of
veterans, guerrillas or victims of Japanese atrocities who died during
the Japanese occupation, from the time such interest, and or penalties
and surcharges accrued up to actual payment, is hereby waived:
Provided, however, That the basic tax is paid on or before December 31,
1955.
Sec. 2. Taxes remaining unpaid after said date
shall not be covered by the provisions of this Act.
Sec. 4. Nothing in this Act shall be construed to
mean the condonation of any tax of whatever nature. Approved: June 10, 1955 |