Extending the Effectivity of R.A. No. 588 (Amendment to the NIRC)
Republic Act No. 958, approved on June 20, 1953, amends the provisions of Republic Act No. 588 regarding the National Internal Revenue Code. It specifically extends the effectivity of increased tax rates initially set to expire on December 31, 1954, unless Congress decides otherwise. The amendments ensure that the new tax rates remain in force until any further legislative action is taken. The law took effect upon its approval and was published in the Official Gazette in September 1953.
Law Information
- Reference Number
- Republic Act No. 958
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 20, 1953
REPUBLIC ACT NO. 958
AN ACT TO EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND EIGHTY-EIGHT, BY FURTHER AMENDING SECTION EIGHT THEREOF, ENTITLED "AN ACT TO AMEND CERTAIN SECTIONS OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE"
SECTION 1. Section eight of Republic Act Numbered Five hundred and eighty-eight, as amended by Republic Act Numbered Seven hundred and twenty-six, is further amended to read as follows:
"Sec. 8. 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-four, after which period the original rates of tax shall again be in force." cd
SECTION 2. This Act shall take effect upon its approval.
Approved: June 20, 1953
Published in the Official Gazette, Vol. 49, No. 9, p. 3802 in September 1953
Cite This Law
Extending the Effectivity of R.A. No. 588 (Amendment to the NIRC), Republic Act No. 958, Jun 20, 1953 (Philippines)
Extending the Effectivity of R.A. No. 588 (Amendment to the NIRC), Republic Act No. 958 (Phil. 1953)
Related Laws
- Extending the Effectivity of R.A. No. 588 Re: Amendment to the NIRCRepublic Act No. 1091 • Jun 15, 1954 • Statutes
- Extending the Effectivity of R.A. No. 589 Re: Amendment to the NIRCRepublic Act No. 1090 • Jun 15, 1954 • Statutes
- Extending the Effectivity R.A. No. 567 Re: Amendment to the NIRCRepublic Act No. 1092 • Jun 15, 1954 • Statutes
- Extending the Effectivity of R.A. No. 567 Re: Amendment to the NIRCRepublic Act No. 870 • Jun 16, 1953 • Statutes
- Extension of Effectivity of R.A. No. 588Republic Act No. 726 • Jun 6, 1952 • Statutes
- Amendment to R.A. No. 588 Re: Effectivity of Tax ProvisionsRepublic Act No. 1280 • Jun 14, 1955 • Statutes
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