Amendments to NIRC Re: Transactions and Persons Not Subject to Percentage Tax
Republic Act No. 969 • Statutes • Republic Acts • Jun 20, 1953
Full text
June 20, 1953 REPUBLIC ACT NO. 969 AN ACT TO AMEND SUBPARAGRAPH (b) OF THE FIRST PARAGRAPH OF SECTION ONE HUNDRED EIGHTY-EIGHT OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, REGARDING TRANSACTIONS AND PERSONS NOT SUBJECT TO PERCENTAGE TAX SECTION 1. Subparagraph (b) of the first paragraph of section one hundred eighty-eight, Commonwealth Act Numbered Four hundred sixty-six, as amended, is further amended to read as follows: cdt "(b) Agricultural products and the ordinary salt when sold, bartered, or exchanged in this country by the producer or owner of the land where produced, as well as fish and its by-products when sold, bartered or exchanged by the fisherman or fishing operator, whether in their original state or not." cdt SECTION 2. This Act shall take effect upon its approval. Approved: June 20, 1953 Published in the Official Gazette, Vol. 49, No. 9, p. 3807 in September 1953
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