Extending the Effectivity of R.A. No. 588 Re: Amendment to the NIRC
Republic Act No. 1091, enacted on June 15, 1954, amends the provisions of Republic Act No. 588 concerning the National Internal Revenue Code. It specifically extends the effectivity of increased tax rates until December 31, 1955, unless Congress decides to extend it further. The law stipulates that once the extension expires, the original tax rates will be reinstated. The Act took effect upon its approval and was published in the Official Gazette in July 1954.
Law Information
- Reference Number
- Republic Act No. 1091
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 15, 1954
REPUBLIC ACT NO. 1091
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, AS AMENDED"
SECTION 1. Section eight of Republic Act Numbered Five hundred and eighty-eight, as amended by Republic Act Numbered Seven hundred and twenty-six and Republic Act Numbered Nine hundred and fifty-eight, 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-five, after which period the original rates of tax shall again be in force."
SECTION 2. This Act shall take effect upon its approval.
Approved: June 15, 1954
Published in the Official Gazette, Vol. 50, No. 7, p. 2981 in July 1954
Cite This Law
Extending the Effectivity of R.A. No. 588 Re: Amendment to the NIRC, Republic Act No. 1091, Jun 15, 1954 (Philippines)
Extending the Effectivity of R.A. No. 588 Re: Amendment to the NIRC, Republic Act No. 1091 (Phil. 1954)
Related Laws
- Extending the Effectivity of R.A. No. 588 (Amendment to the NIRC)Republic Act No. 958 • Jun 20, 1953 • 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
- Amendment to R.A. No. 588 Re: Effectivity of Tax ProvisionsRepublic Act No. 1280 • Jun 14, 1955 • Statutes
- Extension of Effectivity of R.A. No. 588Republic Act No. 726 • Jun 6, 1952 • Statutes
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