Republic Act No. 1065: An act extend the effectivity of republic act numbered six hundred, entitled "an act to prescribe a graduated scale for the income tax on corporations by amending sections twenty-four and fifty-four of commonwealth act numbered four hundred and sixty-six, otherwise known as the national internal revenue code, as amended, and for other purposes"

Republic Act No. 1065

An act extend the effectivity of republic act numbered six hundred, entitled "an act to prescribe a graduated scale for the income tax on corporations by amending sections twenty-four and fifty-four of commonwealth act numbered four hundred and sixty-six, otherwise known as the national internal revenue code, as amended, and for other purposes"

An Act Extend the Effectivity of Republic Act Numbered Six Hundred, Entitled "An Act to Prescribe a Graduated Scale for the Income Tax on Corporations by Amending Sections Twenty-Four and Fifty-Four of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code, as Amended, and for Other Purposes"

In plain language

The act extends the effectivity of Republic Act No. 600 for income received between 1951 and 1955, amending Section 3 of RA 600 as amended by RA 868 and taking effect upon approval.

Amendment to Section 3 of RA 600 extending effectivity to 1951-1955.

Act takes effect upon approval.

Income Tax

Corporations

NIRC

Amendment

REPUBLIC ACT No. 1065

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Section three of Republic Act Numbered Six hundred, as amended by Republic Act Numbered Eight hundred and sixty-eight, is further amended to read as follows:

"Sec. 3. The provisions of this Act shall apply to income received from January first, nineteen hundred and fifty-one to December thirty-one, nineteen hundred and fifty-five, after the expiration of which later date the provisions of sections twenty-four and fifty-four of the National Internal Revenue Code, as amended, shall again be in full force and effect.

Section 2

This Act shall take effect upon its approval.

Approved: June 12, 1954.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.