PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES
MGA BATAS PAMBANSA
BATAS PAMBANSA BLG. 700 - AN ACT
AMENDING SECTIONS 318 AND 319 OF THE NATIONAL INTERNAL REVENUE CODE, AS
AMENDED, SO AS TO REDUCE THE PERIOD OF LIMITATION FOR ASSESSMENT OF
INTERNAL REVENUE TAXES FROM FIVE (5) TO THREE (3) YEARS |
Section 1.
Sec. 318 of the National Internal Revenue Code, as amended, is
hereby amended to read as follows: "Sec. 318.
Period of limitation upon assessment and collection.
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