Amendment to C.A. No. 565 Re: Withdrawal of Tax Exemption Granted to Co-operative Associations
Republic Act No. 89, enacted on October 30, 1946, amends Section Four of Commonwealth Act No. 565 by removing the tax exemption previously granted to cooperative associations. The revised section clarifies that the Corporation Law and other relevant laws governing agricultural and cooperative associations will apply to those associations, provided they are not inconsistent with this Act. The law takes effect immediately upon approval. This change aims to ensure that cooperative associations are subject to the same tax obligations as other entities.
Law Information
- Reference Number
- Republic Act No. 89
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
October 30, 1946
REPUBLIC ACT NO. 89
AN ACT TO AMEND SECTION FOUR OF COMMONWEALTH ACT NUMBERED FIVE HUNDRED AND SIXTY-FIVE BY WITHDRAWING THE EXEMPTION GRANTED IN FAVOR OF CO-OPERATIVE ASSOCIATIONS REFERRED TO THEREIN FROM THE PAYMENT OF TAXES
SECTION 1. Section four of Commonwealth Act Numbered Five hundred and sixty-five is hereby amended to read as follows:
"Sec. 4. The provisions of the Corporation Law and of existing laws regulating agricultural or other co-operative associations, as are not inconsistent with the provisions of this Act, shall apply to the co-operative associations herein authorized."
SECTION 2. This Act shall take effect upon its approval.
Approved: October 30, 1946
Not published in the Official Gazette
Cite This Law
Amendment to C.A. No. 565 Re: Withdrawal of Tax Exemption Granted to Co-operative Associations, Republic Act No. 89, Oct 30, 1946 (Philippines)
Amendment to C.A. No. 565 Re: Withdrawal of Tax Exemption Granted to Co-operative Associations, Republic Act No. 89 (Phil. 1946)
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