An Act to Amend Subsection (U) of Section Eighty-Four of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code
Commonwealth Act No. 516, enacted on April 18, 1940, amends the National Internal Revenue Code by redefining the terms 'alien' and 'foreign government' to include U.S. citizens and their government entities. It specifies that U.S. citizens residing in the Philippines are exempt from taxation on compensation received from the U.S. government for services rendered in the Philippines, as well as on income derived from sources within the U.S., with no tax return required for these incomes. The Act took effect on January 1, 1940.
Law Information
- Reference Number
- Commonwealth Act No. 516
- Date Enacted
- Category
- Statutes
- Subcategory
- Commonwealth Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
April 18, 1940
COMMONWEALTH ACT NO. 516
AN ACT TO AMEND SUBSECTION (u) OF SECTION EIGHTY-FOUR OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE
SECTION 1. Subsection (u) of section eighty-four of Commonwealth Act Numbered Four hundred and sixty-six is amended to read as follows:
"(u) The term 'alien' and 'foreign government' shall be deemed to include the citizens and Government of the United States, including the political subdivisions thereof: Provided, however, That citizens of the United States residing in the Philippines shall not be subject to taxation under this Title as to their compensation paid by the Government of the United States or political subdivisions thereof for personal services rendered in the Philippines in compliance with orders from the Government of the United States, and as to their incomes derived from sources within the United States, and no return thereof is required to be made."
SECTION 2. This Act shall take effect as of January first, nineteen hundred and forty.
Approved, April 18, 1940.
Cite This Law
An Act to Amend Subsection (U) of Section Eighty-Four of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code, Commonwealth Act No. 516, Apr 18, 1940 (Philippines)
An Act to Amend Subsection (U) of Section Eighty-Four of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code, Commonwealth Act No. 516 (Phil. 1940)
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