Amendment to the NIRC Re: Surcharges on Certain Forest Products
Republic Act No. 434, approved on June 7, 1950, amends Section 267 of the National Internal Revenue Code concerning surcharges for illegal activities related to forest products. It imposes a 300% surcharge on unlawfully cut or gathered forest products and a 25% surcharge for the removal of these products without proper permits or invoices. Additionally, if charges are not paid within 60 days, another 25% surcharge applies. However, the Collector of Internal Revenue has the discretion to waive the surcharge in certain cases or extend the payment deadline by up to 30 days. The law aims to strengthen the regulation of forest product management in the Philippines.
Law Information
- Reference Number
- Republic Act No. 434
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 7, 1950
REPUBLIC ACT NO. 434
AN ACT AMENDING SECTION TWO HUNDRED SIXTY-SEVEN OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE
SECTION 1. Section two hundred and sixty-seven of Commonwealth Act Numbered Four hundred and sixty-six, otherwise known as the National Internal Revenue Code, is amended to read as follows:
"Sec. 267. Surcharges for illegal cutting and removal of forest products or for delinquency. — Where forest products are unlawfully cut or gathered in any public forest without license or, if under license, in violation of the terms thereof, the charges on such products shall be increased by three hundred per centum. If forest products shall be removed without invoice, or upon removal, shall be discharged without permit from boat, car, cart, or other means of transportation, the charges shall be increased by twenty-five per centum; and if in any case, the proper charges upon forest products are not paid within sixty days after the same shall be due and payable, such charges shall be increased by twenty-five per centum: Provided, however, That the Collector of Internal Revenue may, in meritorious cases, waive the surcharge of twenty-five per centum for discharging without permit or grant an extension of time not exceeding thirty days for the payment of the forest charges without surcharge."
SECTION 2. This Act shall take effect upon its approval.
Approved: June 7, 1950
Published in the Official Gazette, Vol. 46, No. 6, p. 2460 in June 1950
Cite This Law
Amendment to the NIRC Re: Surcharges on Certain Forest Products, Republic Act No. 434, Jun 7, 1950 (Philippines)
Amendment to the NIRC Re: Surcharges on Certain Forest Products, Republic Act No. 434 (Phil. 1950)
Related Laws
- Amendments to NIRC of 1977 Re: Taxation of Forest ProductsBatas Pambansa Blg. 83 • Sep 17, 1980 • Statutes
- Certain Duties of Collectors of Customs, etc. Re Collection of Taxes on Forest ProductsAct No. 165 • Jul 13, 1901 • Statutes
- Amendment to Section 266 of C.A. No. 466 Re: Charges Collectible on Forest Products Gathered from Unregistered Private LandsRepublic Act No. 173 • Jun 20, 1947 • Statutes
- Exemption from Internal Revenue Taxes of All Forest Products Used in Construction of Certain Railway LinesAct No. 1544 • Oct 18, 1906 • Statutes
- Amendments to Revised Administrative Code Re: Public Forest and Forest ReservesRepublic Act No. 3092 • Jun 17, 1961 • Statutes
- Reforestation and Afforestation of Denuded Areas and Cogon or Open Lands Within Forest Reserves, Communal Forest, National Parks, Timber Lands, Sand Dunes, and Other Public Forest Lands in the PhilippinesRepublic Act No. 115 • Jun 7, 1947 • Statutes
Browse More Statutes
Explore other laws in the Statutes category.
View All StatutesNeed Help Understanding This Law?
Ask our AI assistant to explain provisions, implications, or related laws.
Ask AI About This Law