Amendment to NIRC Re: Sales Tax on Imported Articles
Republic Act No. 2704, enacted on June 18, 1960, amends Section 183 of the National Internal Revenue Code to clarify tax obligations related to imported goods. The law mandates that taxes must be collected when an original importer sells or transfers imported articles to third parties before they are released from Customs custody. It specifies that the tax responsibility falls on the transferee or indorsee, regardless of their tax status. Additionally, the Act reinforces that prior interpretations of the term "importer" by the government remain valid. This law took effect upon its approval.
Law Information
- Reference Number
- Republic Act No. 2704
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 18, 1960
REPUBLIC ACT NO. 2704
AN ACT TO FURTHER AMEND SUBSECTION (b) OF SECTION ONE HUNDRED EIGHTY-THREE OF THE NATIONAL INTERNAL REVENUE CODE
SECTION 1. Subsection (b) of Section one hundred eighty-three of the National Internal Revenue Code, as amended, is further amended by inserting between the first and second paragraphs of said section the following:
"The tax herein imposed shall be collected in all cases where the original importer sold, transferred, or negotiated the imported articles to third persons before release thereof from Customs custody, regardless of the tax status of the original importer and the indorsee or transferee, the same to be paid by the transferee and/or indorsee. cd i
"The provisions of this Act shall not be construed as nullifying whatever interpretation the government has given to the word 'importer' heretofore."
SECTION 2. This Act shall take effect upon its approval.
Approved: June 18, 1960
Published in the Official Gazette, Vol. 57, No. 2, p. 220 on January 9, 1961
Cite This Law
Amendment to NIRC Re: Sales Tax on Imported Articles, Republic Act No. 2704, Jun 18, 1960 (Philippines)
Amendment to NIRC Re: Sales Tax on Imported Articles, Republic Act No. 2704 (Phil. 1960)
Related Laws
- Amendment to C.A. No. 466 Re: Sales Tax on Imported ArticlesRepublic Act No. 1511 • Jun 16, 1956 • Statutes
- Amendments to the NIRC Re: Payment of Percentage, Sales and Compensating TaxesRepublic Act No. 253 • Jun 14, 1948 • Statutes
- Special Import Tax on Imported ArticlesRepublic Act No. 1394 • Aug 29, 1955 • Statutes
- Amendment to C.A. No. 466 Re: Percentage Tax on Sales of Other ArticlesRepublic Act No. 894 • Jun 20, 1953 • Statutes
- Amendment to NIRC Re: Tax on CigarettesRepublic Act No. 818 • Aug 5, 1952 • Statutes
- Amendments to NIRC Re: Percentage Tax on Sales of Jewelry, Automobiles, etc.Republic Act No. 217 • Jun 1, 1948 • Statutes
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