Amending R.A. No. 600 Re: Graduated Scale for Income Tax on Corporations
Republic Act No. 1505, enacted on June 16, 1956, amends Section 3 of Republic Act No. 600, which pertains to the income tax rates for corporations under the National Internal Revenue Code. This amendment makes the previously established graduated income tax rates for corporations permanent. The provisions of this Act apply to income earned from January 1, 1951, onward. The Act took effect immediately upon its approval and was published in the Official Gazette on August 16, 1956.
Law Information
- Reference Number
- Republic Act No. 1505
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 16, 1956
REPUBLIC ACT NO. 1505
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," TO MAKE THE RATES PRESCRIBED THEREIN PERMANENT
SECTION 1. Section three of Republic Act Numbered Six hundred, as amended by Republic Act Numbered Eight hundred and sixty-eight, Republic Act Numbered One thousand sixty-five, and Republic Act Numbered One thousand two hundred ninety-one, is further amended to read as follows: cd
"Sec. 3. The provisions of this Act shall apply to income received from January first, nineteen hundred and fifty-one."
SECTION 2. This Act shall take effect upon its approval.
Approved: June 16, 1956 cd
Published in the Official Gazette, Vol. 52, No. 9, p. 4184 on August 16, 1956
Cite This Law
Amending R.A. No. 600 Re: Graduated Scale for Income Tax on Corporations, Republic Act No. 1505, Jun 16, 1956 (Philippines)
Amending R.A. No. 600 Re: Graduated Scale for Income Tax on Corporations, Republic Act No. 1505 (Phil. 1956)
Related Laws
- Amending R.A. No. 600 Re: Graduated Scale for Income Tax on CorporationsRepublic Act No. 1291 • Jun 15, 1955 • 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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