Grant of Tax Exemption to Awards Given by Ramon Magsaysay Award Foundation
Republic Act No. 2062, enacted on June 13, 1958, exempts all awards given by the Ramon Magsaysay Award Foundation from income, gift, and other taxes. This provision overrides any existing laws that may contradict it. The Act took effect immediately upon its approval and was officially published in the Official Gazette on July 14, 1958.
Law Information
- Reference Number
- Republic Act No. 2062
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 13, 1958
REPUBLIC ACT NO. 2062
AN ACT TO EXEMPT AWARDS GIVEN BY THE RAMON MAGSAYSAY AWARD FOUNDATION FROM THE PAYMENT OF INCOME, GIFT AND ALL OTHER TAXES
SECTION 1. The provisions of any existing law to the contrary notwithstanding, all awards given by the Ramon Magsaysay Award Foundation shall be exempted from the payment of income, gift and all other taxes. cd i
SECTION 2. This Act shall take effect upon its approval.
Approved: June 13, 1958
Published in the Official Gazette, Vol. 54, No. 14, p. 4224 on July 14, 1958
Cite This Law
Grant of Tax Exemption to Awards Given by Ramon Magsaysay Award Foundation, Republic Act No. 2062, Jun 13, 1958 (Philippines)
Grant of Tax Exemption to Awards Given by Ramon Magsaysay Award Foundation, Republic Act No. 2062 (Phil. 1958)
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