Requiring GOCCs, Agencies, etc. to Pay Taxes, Duties, Fees and Other Charges
Republic Act No. 104, enacted on June 2, 1947, mandates that all government-owned or controlled corporations, agencies, and instrumentalities must pay the same taxes, duties, fees, and other charges as private individuals and entities engaged in taxable activities. The law specifies that this requirement applies to their transactions, businesses, and income, with an exception for goods or commodities imported or sold for relief purposes, as determined by the President. Furthermore, any existing laws inconsistent with this Act are repealed. The Act took effect upon its approval and was published in the Official Gazette.
Law Information
- Reference Number
- Republic Act No. 104
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 2, 1947
REPUBLIC ACT NO. 104
AN ACT REQUIRING CORPORATIONS, AGENCIES OR INSTRUMENTALITIES OWNED OR CONTROLLED BY THE GOVERNMENT TO PAY TAXES, DUTIES, FEES, AND OTHER CHARGES
SECTION 1. All corporations, agencies or instrumentalities owned or controlled by the Government shall pay such duties, taxes, fees and other charges upon their transaction, business, industry, sale or income as are imposed by law upon individuals, associations or corporations engaged in any taxable business, industry, or activity, except on goods or commodities imported or purchased and sold or distributed for relief purposes as may be determined by the President of the Philippines.
SECTION 2. All acts or parts of acts which are inconsistent with the provisions of this Act are hereby repealed.
SECTION 3. This Act shall take effect upon its approval.
Approved: June 2, 1947.
Published in the Official Gazette, Vol. 43, No. 6, p. 1998 in June 1947
Cite This Law
Requiring GOCCs, Agencies, etc. to Pay Taxes, Duties, Fees and Other Charges, Republic Act No. 104, Jun 2, 1947 (Philippines)
Requiring GOCCs, Agencies, etc. to Pay Taxes, Duties, Fees and Other Charges, Republic Act No. 104 (Phil. 1947)
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