PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
REPUBLIC ACTS
REPUBLIC ACT NO. 822 - AN ACT TO
AMEND THE FIRST PARAGRAPH OF SECTION ONE HUNDRED EIGHTY-NINE OF THE
NATIONAL INTERNAL REVENUE CODE |
Section 1. The
first paragraph of section one hundred eighty-nine of the National
Internal Revenue Code is hereby amended to read as follows: "Section 189.
Percentage tax upon proprietors or operators of rope factories, sugar
centrals, rice mills, coconut oil mills, corn mills, and desiccated
coconut factories. � Proprietors or operators of rope factories, sugar
centrals, rice mills, coconut oil mills, corn mills and desiccated
coconut factories shall pay a tax equivalent to two per centum of the
gross value in money of all the rope, sugar, rice, coconut oil, ground
or milled corn, and desiccated coconut manufactured or milled by them,
including the by-products of the raw materials from which said articles
are produced or manufactured, such tax to based on the actual selling
price or market value of these articles at the time they leave the
factory or mill warehouse: Provided, however, That this tax shall not
apply to coconut oil, and the by-products of copra from which it is
produced or manufactured, and desiccated coconuts if such oil, copra
by-products and desiccated coconuts shall be removed for exportation
and are actually exported without returning to the Philippines, whether
so exported in their original state, or as an ingredient or part of any
manufactured article or product."
Sec. 2. This Act shall take effect upon its approval. Approved: August 14, 1952 |