Tax Exemption of Collections for War Damages
Republic Act No. 227, enacted on June 5, 1948, exempts taxpayers from income and other taxes on amounts received for damages suffered during the last war from the U.S. or Philippine governments and their agencies. Any taxes previously collected on such amounts can be credited upon request within one year of the Act's approval. The Act also repeals any conflicting laws and takes effect immediately upon approval.
Law Information
- Reference Number
- Republic Act No. 227
- Date Enacted
- Category
- Statutes
- Subcategory
- Republic Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
June 5, 1948
REPUBLIC ACT NO. 227
AN ACT TO EXEMPT FROM THE PAYMENT OF INCOME AND OTHER TAXES THE AMOUNTS COLLECTED BY A TAXPAYER FOR DAMAGES SUFFERED DURING THE WAR
SECTION 1. Any amount received by a taxpayer from the Government of the United States or of the Philippines, or from any of their agencies and instrumentalities, for or on account of damages or losses suffered during the last war is hereby exempted from the payment of income tax and/or any other taxes to the Government of the Philippines; and any such tax heretofore collected thereon shall be credited, if such credit is requested, within one year from the approval of this Act.
SECTION 2. Any law inconsistent with this Act is hereby repealed.
SECTION 3. This Act shall take effect upon its approval.
Approved: June 5, 1948
Published in the Official Gazette, Vol. 44, No. 8, p. 2625 in August 1948
Cite This Law
Tax Exemption of Collections for War Damages, Republic Act No. 227, Jun 5, 1948 (Philippines)
Tax Exemption of Collections for War Damages, Republic Act No. 227 (Phil. 1948)
Related Laws
- War Profits Tax LawRepublic Act No. 55 • Oct 15, 1946 • Statutes
- Exemption of Lands in Batangas from Payment of Land Tax for 1902Act No. 457 • Sep 11, 1902 • Statutes
- Tax Exemption for Sale and Import of "Naphtha"Republic Act No. 4068 • Jun 18, 1964 • Statutes
- Amendments to Act No. 183 Re: Exemption from Payment of Cedula Tax of Civilian Employees in US War or Navy Dept.Act No. 785 • Jun 1, 1903 • Statutes
- Grant of Tax Exemption to Local Water DistrictsRepublic Act No. 7109 • Aug 14, 1991 • Statutes
- Grant of Tax Exemption to Ford FoundationRepublic Act No. 3538 • Jun 20, 1963 • Statutes
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