Batas Pambansa Bilang 700


PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES


PHILIPPINE LAWS, STATUTES AND CODES

MGA BATAS PAMBANSA





BATAS PAMBANSA BILANG. 700

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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