Extending the Effectivity of R.A. No. 567
Republic Act No. 725, approved on June 6, 1952, amends Section 7 of Republic Act No. 567, which modifies the National Internal Revenue Code. The amendment specifies that the increased tax rates established by the earlier act will remain in effect until December 31, 1953, unless Congress extends them. After this date, the prior tax rates will be reinstated. The law is effective immediately upon approval.
Law Information
- Reference Number
- Republic Act No. 725
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 6, 1952
REPUBLIC ACT NO. 725
AN ACT TO EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND SIXTY-SEVEN, BY AMENDING SECTION SEVEN THEREOF, ENTITLED "AN ACT TO AMEND TITLE VI OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX," OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE
SECTION 1. Section seven of Republic Act Numbered Five hundred and sixty-seven is amended to read as follows: acd
"SEC. 7. 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 only until December thirty-one, nineteen hundred and fifty-three, after which period the actual rates of taxes shall again be in force."
SECTION 2. This Act shall take effect upon its approval.
Approved: June 6, 1952
Published in the Official Gazette, Vol. 48, No. 6, p. 2147 in June 1952
Cite This Law
Extending the Effectivity of R.A. No. 567, Republic Act No. 725, Jun 6, 1952 (Philippines)
Extending the Effectivity of R.A. No. 567, Republic Act No. 725 (Phil. 1952)
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