Amending R.A. No. 600 Re: Graduated Scale for Income Tax on Corporations
Republic Act No. 1291, enacted on June 15, 1955, amends Section Three of Republic Act No. 600, which pertains to the income tax on corporations. The amendment specifies that the provisions will apply to income earned from January 1, 1951, to December 31, 1957. After this period, the previous provisions of the National Internal Revenue Code will resume. The Act took effect upon its approval and was published in the Official Gazette in July 1955.
Law Information
- Reference Number
- Republic Act No. 1291
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 15, 1955
REPUBLIC ACT NO. 1291
AN ACT TO AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED, ENTITLED "AN ACT TO PRESCRIBE A GRADUATED SCALE FOR THE INCOME TAX ON CORPORATIONS BY AMENDING SECTIONS TWENTY-FOUR AND FIFTY-FOUR OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES"
SECTION 1. Section three of Republic Act Numbered Six hundred, as amended by Republic Act Numbered Eight hundred and sixty-eight, and Republic Act Numbered One thousand sixty-five, is further amended to read as follows: cd i
"SEC. 3. The provisions of this Act shall apply to income received from January first, nineteen hundred and fifty-one to December thirty-one, nineteen hundred and fifty-seven, after the expiration of which later date the provisions of sections twenty-four and fifty-four of the National Internal Revenue Code, as amended, shall again be in full force and effect. aisa dc
SECTION 2. This Act shall take effect upon its approval.
Approved: June 15, 1955
Published in the Official Gazette, Vol. 51, No. 7, p. 3361 in July 1955
Cite This Law
Amending R.A. No. 600 Re: Graduated Scale for Income Tax on Corporations, Republic Act No. 1291, Jun 15, 1955 (Philippines)
Amending R.A. No. 600 Re: Graduated Scale for Income Tax on Corporations, Republic Act No. 1291 (Phil. 1955)
Related Laws
- Amending R.A. No. 600 Re: Graduated Scale for Income Tax on CorporationsRepublic Act No. 1505 • Jun 16, 1956 • Statutes
- Graduated Scale for Corporate Income TaxRepublic Act No. 600 • Mar 28, 1951 • Statutes
- Extension of Effectivity of R.A. No. 600 (Graduated Scale for Income Tax on Corporations)Republic Act No. 1065 • Jun 12, 1954 • Statutes
- Amending R.A. No. 600 Re: Graduated Scale for Corporate Income TaxRepublic Act No. 868 • Jun 16, 1953 • Statutes
- Amendments to C.A. No. 466 Re: Income Tax on CorporationsRepublic Act No. 3825 • Jun 22, 1963 • Statutes
- Amending the NIRC Re: Income Tax Rates of Individuals and CorporationsRepublic Act No. 2343 • Jun 20, 1959 • Statutes
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