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Republic Act
Approved June 20, 1959

Republic Act No. 2367

An act revoking some exemptions from the payment of the special import tax, including that enjoyed by tax-exempt industries, repealing for this purpose section six of republic act numbered thirteen hundred and ninety-four and the pertinent provision of republic act numbered nine hundred one insofar as it refers to the special import tax

An Act Revoking Some Exemptions from the Payment of the Special Import Tax, Including that Enjoyed by Tax-Exempt Industries, Repealing for This Purpose Section Six of Republic Act Numbered Thirteen Hundred and Ninety-Four and the Pertinent Provision of Republic Act Numbered Nine Hundred One Insofar as it Refers to the Special Import Tax

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In plain language

This act revokes certain exemptions from the special import tax, repealing Section Six of Republic Act No. 1394 and revoking the tax-exempt industry exemption under Republic Act No. 901 as it pertains to the special import tax. It lists specific drugs, medicines, and medical supplies that retain exemption and clarifies that the act takes effect upon approval.

  • Repeal of Section Six of RA 1394
  • Revocation of tax‑exempt industry exemption under RA 901 for special import tax
  • List of drugs and medicinal supplies exempted from special import tax
  • Effective date of the act
Special Import Tax
Tax Exemptions
Republic Act
Legislation

REPUBLIC ACT No. 2367

An Act to Appropriate the Sum of Fifty Thousand Pesos for the Holding of the XIVth World Congress on Tourism in the Philippines in November, Nineteen Hundred Fifty-Nine, and for the Acquisition and Installation of Adequate Conference Equipment, Services and Supplies

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

WHEREAS, President Carlos P. Garcia has invited the International Union of Official Travel Organizations, a United Nations consultative organ, to hold the XIVth World Congress on Tourism in the Philippines in November, nineteen hundred fifty-nine and the Union has unanimously accepted the invitation.

WHEREAS, this Congress, with a sixty-seven countries participating as members, besides international organizations actively promoting or engaged in the travel trade, will focus world attention on the unlimited potentials of the tourist industry which our government aims to exploit fully in the interest of a richer Philippine economy; and

WHEREAS, it is desirable and essential that the World Congress on Tourism be afforded every modern convenience and service now normal to present-day international conferences in order to assure satisfaction to the participants and so as to place the Philippines, as host, in the most favorable light possible; Now, therefore:

Section 1

There is hereby appropriated the sum of fifty thousand pesos, out of any funds in the National Treasury not otherwise appropriated, to cover expenses required for the holding of the World Congress on Tourism in November, nineteen hundred fifty-nine, including the acquisition and installation of modern conference hall equipment and facilities, communication and transportation services and essential conference supplies.

Section 2

The fund hereby appropriated shall be made immediately available upon approval of this Act and be at the disposal of the Board of Travel and Tourist Industry, which shall be responsible for its expenditure as well as for the safekeeping and any future use of the conference equipment to be acquired.

Section 3

This Act shall take effect upon its approval.

Approved: June 20, 1959.

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.