Amendment to Sec. 1460 of Act No. 2711 (Revised Administrative Code)
Act No. 3293, approved on December 2, 1926, amends the Administrative Code to exempt salt producers from paying internal revenue tax. The amendment specifies that sales of agricultural products, including ordinary salt sold by the producer or landowner (and not by merchants), are not subject to the merchant's tax. This change aims to support local salt production by alleviating tax burdens on producers. The act takes effect upon its approval.
Law Information
- Reference Number
- Act No. 3293
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
December 2, 1926
ACT NO. 3293
AN ACT AMENDING PARAGRAPH (B) OF SECTION FOURTEEN HUNDRED AND SIXTY OF ACT NUMBERED TWENTY-SEVEN HUNDRED AND ELEVEN, KNOWN AS ADMINISTRATIVE CODE, EXEMPTING SALT PRODUCERS FROM THE PAYMENT OF INTERNAL REVENUE TAX
SECTION 1. Paragraph (b) of section fourteen hundred and sixty of Act Numbered Twenty-seven hundred and eleven, commonly known as Administrative Code, is hereby amended, the said section 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."
SECTION 2. This Act shall take effect on its approval.
Approved, December 2, 1926.
Cite This Law
Amendment to Sec. 1460 of Act No. 2711 (Revised Administrative Code), Act No. 3293, Dec 2, 1926 (Philippines)
Amendment to Sec. 1460 of Act No. 2711 (Revised Administrative Code), Act No. 3293 (Phil. 1926)
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