Amendment to Sec. 1460 of Act No. 2711 (Revised Administrative Code)
Act No. 3712, enacted on November 20, 1930, amends Section 1460 of the Administrative Code regarding transactions exempt from the merchant's tax. The amendments specify that certain commodities are not subject to this tax, including those subject to a specific tax, agricultural products sold by their producers, and imported articles that are reexported in their original condition. The law aims to clarify which sales are exempt from taxation to encourage agricultural production and facilitate trade. This act became effective upon its approval.
Law Information
- Reference Number
- Act No. 3712
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 20, 1930
ACT NO. 3712
AN ACT AMENDING SECTION FOURTEEN HUNDRED AND SIXTY OF THE ADMINISTRATIVE CODE, AS AMENDED BY ACT NUMBERED THIRTY-TWO HUNDRED AND NINETY-THREE
SECTION 1. Section fourteen hundred and sixty of the Administrative Code, as amended by Act Numbered Thirty-two hundred and ninety-three, is hereby further amended to read as follows:
"SEC. 1460. Sales not subject to merchant's tax. — In computing the tax above imposed, transactions in the following commodities shall be excluded:
"(a) Things subject to a specific tax.
"(b) Agricultural products and the ordinary salt when sold by the producer or owner of the land where produced, or by any other person other than a merchant or commission merchant, whether in their original state or not.
"(c) Articles imported into the Philippine Islands and reexported from the same in their original condition by the importer."
SECTION 2. This Act shall take effect on its approval.
Approved, November 20, 1930.
Cite This Law
Amendment to Sec. 1460 of Act No. 2711 (Revised Administrative Code), Act No. 3712, Nov 20, 1930 (Philippines)
Amendment to Sec. 1460 of Act No. 2711 (Revised Administrative Code), Act No. 3712 (Phil. 1930)
Related Laws
- Amendment to Sec. 1460 of Act No. 2711 (Revised Administrative Code)Act No. 3293 • Dec 2, 1926 • Statutes
- Amendment to Revised Administrative Code Re: Registration of Chattel MortgagesRepublic Act No. 2711 • Jun 18, 1960 • Statutes
- Amendment to Sec. 1579 of Act No. 2711 (Revised Administrative Code)Act No. 3685 • Nov 6, 1930 • Statutes
- Amendment to Sec. 1414 of Act No. 2711 (Revised Administrative Code)Act No. 4056 • Mar 1, 1933 • Statutes
- Amendment to Sec. 192 of Act No. 2711 (Revised Administrative Code)Act No. 3900 • Nov 16, 1931 • Statutes
- Amendment to Sec. 1673 of Act No. 2711 (Revised Administrative Code, as Amended)Act No. 3580 • Nov 27, 1929 • Statutes
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