Requirements for Issuance of Business License
Republic Act No. 1538, enacted on June 16, 1956, mandates that individuals or entities must present proof of filing their income tax returns and payment of taxes for the preceding year before obtaining any license or permit to engage in trade, business, or professional practice. Acceptable proof includes a certified copy of the income tax return or a certification from the Collector of Internal Revenue confirming the filing and payment. Failure to comply, or obtaining a license through misrepresentation regarding tax obligations, may result in a fine of up to 500 pesos, imprisonment for up to one year, or both. The act emphasizes accountability and compliance with tax regulations as a prerequisite for business operations.
Quick Answers
- What is Requirements for Issuance of Business License about?
- Republic Act No. 1538, enacted on June 16, 1956, mandates that individuals or entities must present proof of filing their income tax returns and payment of taxes for the preceding year before obtaining any license or permit to engage in trade, business, or professional practice. Acceptable proof includes a certified copy of the income tax return or a certification from the Collector of Internal Revenue confirming the filing and payment. Failure to comply, or obtaining a license through misrepresentation regarding tax obligations, may result in a fine of up to 500 pesos, imprisonment for up to one year, or both. The act emphasizes accountability and compliance with tax regulations as a prerequisite for business operations.
- What type of law is Republic Act No. 1538?
- Requirements for Issuance of Business License (Republic Act No. 1538) is a Philippine Statutes enacted by the Congress of the Philippines.
- When was Requirements for Issuance of Business License enacted?
- Requirements for Issuance of Business License (Republic Act No. 1538) was enacted on Jun 16, 1956.
- What is the citation for Requirements for Issuance of Business License?
- Requirements for Issuance of Business License, Republic Act No. 1538, Jun 16, 1956 (Philippines)
Law Information
- Reference Number
- Republic Act No. 1538
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 16, 1956
REPUBLIC ACT NO. 1538
AN ACT REQUIRING THE PRESENTATION OF PROOF OF THE FILING OF INCOME TAX RETURNS AND CERTIFICATION OF THE PAYMENT OF TAXES DURING THE PRECEDING YEAR BEFORE ISSUING ANY LICENSE OR PERMIT TO ENGAGE IN ANY TRADE, BUSINESS OR OCCUPATION OR PRACTICE A PROFESSION
SECTION 1. No person, partnership, association or corporation required by law to file an income tax return shall be issued a license to engage in any trade, business or occupation or practice a profession unless he shall have presented to the officer issuing such license or permit proof that he has filed his income tax return during the preceding year and that income taxes due have been paid thereon. For the purpose of this Act, a copy of such income tax return on which is shown a certification or statement by the Collector of Internal Revenue or his duly authorized representative that the original has been filed with and received by him or a certification or statement by the Collector of Internal Revenue or his duly authorized representative that the aforesaid income tax return has been duly filed with and received by him even without the copy of such income tax return, and the corresponding receipts showing payment of all income taxes due thereon shall be sufficient proof. cd
Any person, partnership, association or corporation who obtains a license mentioned in the preceding paragraph without presenting the aforementioned certification of the Collector of Internal Revenue or his duly authorized representative, under the pretext that he or it is not required by law to file an income tax return when in truth he or it is so required, or under any other misrepresentation, shall be liable to a fine of not more than five hundred pesos or imprisonment of not more than one year, or both, in the discretion of the court. In the case of a partnership, association or corporation, the manager of the equivalent officer thereof shall be held responsible and in addition to the license issued shall be revoked.
SECTION 2. This Act shall take effect upon its approval.
Approved: June 16, 1956 casia
Published in the Official Gazette, Vol. 52, No. 10, p. 4513 on August 31, 1956
Cite This Law
Requirements for Issuance of Business License, Republic Act No. 1538, Jun 16, 1956 (Philippines)
Requirements for Issuance of Business License, Republic Act No. 1538 (Phil. 1956)
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