Amending C.A. No. 466 Re: Tax on Firearms and Ammunition
Republic Act No. 2662, enacted on June 18, 1960, amends Subsection (h) of Section 185 of the National Internal Revenue Code. The amendment exempts locally manufactured firearms and ammunition from tax, specifically stating that no tax will be collected on .22-caliber firearms and ammunition sold directly to the Armed Forces of the Philippines or related government agencies. This law aims to support the maintenance of peace and order by facilitating access to firearms for authorized entities. The Act took effect upon its approval and was published in the Official Gazette on October 24, 1960.
Law Information
- Reference Number
- Republic Act No. 2662
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 18, 1960
REPUBLIC ACT NO. 2662
AN ACT TO AMEND SUBSECTION (h), SECTION ONE HUNDRED EIGHTY-FIVE OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE
SECTION 1. Subsection h, Section one hundred eighty-five of Commonwealth Act Numbered Four hundred sixty-six, is amended to read as follows:
"(h) Firearms and cartridges or other forms of ammunition, except those locally manufactured: Provided, however, That no tax shall be collected on .22-caliber firearms and cartridges as well as other forms of ammunition sold or delivered directly to the Armed Forces of the Philippines or to any government instrumentality or agency as well as to any organization and persons engaged in maintaining peace and order for their use or issue."
SECTION 2. This Act shall take effect upon its approval.
Approved: June 18, 1960
Published in the Official Gazette, Vol. 56, No. 43, p. 6614 on October 24, 1960
Cite This Law
Amending C.A. No. 466 Re: Tax on Firearms and Ammunition, Republic Act No. 2662, Jun 18, 1960 (Philippines)
Amending C.A. No. 466 Re: Tax on Firearms and Ammunition, Republic Act No. 2662 (Phil. 1960)
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