Amendment to NIRC Re: Percentage Tax
Republic Act No. 822, enacted on August 14, 1952, amends the National Internal Revenue Code by adjusting the taxation of certain agricultural and manufacturing sectors. Specifically, it imposes a 2% percentage tax on the gross value of products from rope factories, sugar centrals, rice mills, coconut oil mills, corn mills, and desiccated coconut factories, based on the selling price at the time of leaving the factory. However, the tax does not apply to coconut oil and its by-products, as well as desiccated coconuts, if they are exported without returning to the Philippines. The act took effect upon its approval and was published in the Official Gazette.
Law Information
- Reference Number
- Republic Act No. 822
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
August 14, 1952
REPUBLIC ACT NO. 822
AN ACT TO AMEND THE FIRST PARAGRAPH OF SECTION ONE HUNDRED EIGHTY-NINE OF THE NATIONAL INTERNAL REVENUE CODE
SECTION 1. The first paragraph of section one hundred eighty-nine of the National Internal Revenue Code is hereby amended to read as follows: casia
"Sec. 189. Percentage tax upon proprietors or operators of rope factories, sugar centrals, rice mills, coconut oil mills, corn mills, and desiccated coconut factories. — Proprietors or operators of rope factories, sugar centrals, rice mills, coconut oil mills, corn mills and desiccated coconut factories shall pay a tax equivalent to two per centum of the gross value in money of all the rope, sugar, rice, coconut oil, ground or milled corn, and desiccated coconut manufactured or milled by them, including the by-products of the raw materials from which said articles are produced or manufactured, such tax to based on the actual selling price or market value of these articles at the time they leave the factory or mill warehouse: Provided, however, That this tax shall not apply to coconut oil, and the by-products of copra from which it is produced or manufactured, and desiccated coconuts if such oil, copra by-products and desiccated coconuts shall be removed for exportation and are actually exported without returning to the Philippines, whether so exported in their original state, or as an ingredient or part of any manufactured article or product."
SECTION 2. This Act shall take effect upon its approval.
Approved: August 14, 1952
Published in the Official Gazette, Vol. 48, No. 10, p. 4264 in October 1952
Cite This Law
Amendment to NIRC Re: Percentage Tax, Republic Act No. 822, Aug 14, 1952 (Philippines)
Amendment to NIRC Re: Percentage Tax, Republic Act No. 822 (Phil. 1952)
Related Laws
- Amendments to the NIRC Re: Percentage TaxRepublic Act No. 588 • Sep 22, 1950 • Statutes
- Amendments to the NIRC Re: Percentage TaxRepublic Act No. 396 • Jun 18, 1949 • Statutes
- Amending Section 189 of the NIRC Re: Percentage TaxRepublic Act No. 261 • Jun 14, 1948 • Statutes
- Amendment to Sec. 191 of NIRC, as amended Re: Percentage Tax on ContractorsRepublic Act No. 2072 • Jun 13, 1958 • Statutes
- Amendment to NIRC Re: Percentage Tax Upon Proprietors of Rope Factories, Sugar Centrals, etc.Republic Act No. 2344 • Jun 20, 1959 • Statutes
- Amendments to the NIRC Re: Payment of Percentage, Sales and Compensating TaxesRepublic Act No. 253 • Jun 14, 1948 • Statutes
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