Log inSign up
Republic Act
Approved June 16, 1956More laws from 1956 →

Republic Act No. 1507

An act to amend section seven of republic act numbered five hundred and sixty-seven, entitled "an act to amend title vi of commonwealth act numbered four hundred and sixty-six, otherwise known as the national internal revenue code, as amended," to make the rates prescribed therein permanent

Report problem

In plain language

This act amends the National Internal Revenue Code by making the tax rates prescribed under Title VI permanent. It removes previous expiration dates for these specific tax provisions to ensure their continuous effectivity.

REPUBLIC ACT No. 1507

An Act to Amend Section Seven of Republic Act Numbered Five Hundred and Sixty-Seven, Entitled "An Act to Amend Title Vi of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code, as Amended," to Make the Rates Prescribed Therein Permanent

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

Section 1

Section seven of Republic Act Numbered Five hundred and sixty-seven, as amended by Republic Act Numbered Seven hundred and twenty-five, Republic Act Numbered Eight hundred and seventy, Republic Act Numbered One thousand and ninety-two, and Republic Act Numbered One thousand two hundred and seventy-four, is further amended to read as follows:

Sec. 7. The provisions of this Act shall take effect upon its approval.

Section 2

This Act shall take effect upon its approval.

Approved: June 16, 1956.

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.