Amending Section 5 of the Local Tax Code
Presidential Decree No. 796, issued on September 4, 1975, amends Section 5 of the Local Tax Code in the Philippines. It establishes limitations on the taxing powers of local governments, specifically prohibiting them from imposing taxes on businesses engaged in the printing and publication of newspapers, magazines, and similar publications that are not primarily focused on advertising. The decree overrides any conflicting laws, regulations, or executive orders, and takes immediate effect.
Law Information
- Reference Number
- Presidential Decree No. 796
- Date Enacted
- Category
- Presidential Issuances
- Subcategory
- Presidential Decrees
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
September 4, 1975
PRESIDENTIAL DECREE NO. 796
AMENDING SECTION 5 OF THE LOCAL TAX CODE
I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby decree and order:
SECTION 1. Section 5 of Presidential Decree No. 231 otherwise known as the Local Tax Code, is hereby amended to read as follows:
"Sec. 5. Common limitations on the taxing powers of local governments. — The exercise of the taxing powers of provinces, cities, municipalities and barrios shall not extend to the imposition of the following:
xxx xxx xxx
1) Taxes on the business of persons engaged in the printing and publication of any newspaper, magazine, review or bulletin appearing at regular intervals and having fixed prices for subscription and sale, and which is not published primarily for the purpose of publishing advertisements."
SECTION 2. All provisions of laws, decrees, executive orders, rules or regulations inconsistent with this Decree are hereby amended, modified or repealed accordingly. casia
SECTION 3. This Decree shall take effect immediately.
DONE in the City of Manila, this 4th day of September, in the year of Our Lord, Nineteen Hundred and Seventy-Five.
Cite This Law
Amending Section 5 of the Local Tax Code, Presidential Decree No. 796, Sep 4, 1975 (Philippines)
Amending Section 5 of the Local Tax Code, Presidential Decree No. 796 (Phil. 1975)
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