Amendment to R.A. No. 567 Re: Effectivity of Tax Provisions
Republic Act No. 1274, enacted on June 14, 1955, amends Section Seven of Republic Act No. 567, which pertains to the National Internal Revenue Code. The amendment specifies that the increased tax rates established by the Act will remain effective until June 30, 1957, unless extended by Congress. Following this date, the original tax rates will be reinstated. This Act takes effect immediately upon approval.
Law Information
- Reference Number
- Republic Act No. 1274
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 14, 1955
REPUBLIC ACT NO. 1274
AN ACT TO AMEND SECTION SEVEN OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND SIXTY-SEVEN, ENTITLED "AN ACT TO AMEND TITLE VI OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED"
SECTION 1. Section seven of Republic Act Numbered Five hundred and sixty-seven, as amended by Republic Act Numbered Seven hundred and twenty-five, Republic Act Numbered Eight hundred and seventy, and Republic Act Numbered One thousand and ninety-two, is further amended to read as follows: cd i
"SEC. 7. The provisions of this Act shall take effect upon its approval but, unless otherwise expressly extended by Congress, the increased taxes provided for in this Act shall continue in force and effect until June thirty, nineteen hundred and fifty-seven, after which period the original rates of tax shall again be in force."
SECTION 2. This Act shall take effect upon its approval. casia
Approved: June 14, 1955
Published in the Official Gazette, Vol. 51, No. 7, p. 3348 in July 1955
Cite This Law
Amendment to R.A. No. 567 Re: Effectivity of Tax Provisions, Republic Act No. 1274, Jun 14, 1955 (Philippines)
Amendment to R.A. No. 567 Re: Effectivity of Tax Provisions, Republic Act No. 1274 (Phil. 1955)
Related Laws
- Amendment to R.A. No. 588 Re: Effectivity of Tax ProvisionsRepublic Act No. 1280 • Jun 14, 1955 • Statutes
- Amendment to the NIRC Re: Stamp TaxRepublic Act No. 567 • Aug 31, 1950 • Statutes
- Extending the Effectivity R.A. No. 567 Re: Amendment to the NIRCRepublic Act No. 1092 • Jun 15, 1954 • Statutes
- Extending the Effectivity of R.A. No. 567Republic Act No. 725 • Jun 6, 1952 • Statutes
- Extending the Effectivity of R.A. No. 567 Re: Amendment to the NIRCRepublic Act No. 870 • Jun 16, 1953 • Statutes
- Amending R.A. No. 567 (Re: Stamp Tax)Republic Act No. 1507 • Jun 16, 1956 • Statutes
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