Republic Act No. 4907: An act to further amend section one hundred and forty-seven of commonwealth act numbered four hundred and sixty-six, otherwise known as the national internal revenue code

Republic Act No. 4907

An act to further amend section one hundred and forty-seven of commonwealth act numbered four hundred and sixty-six, otherwise known as the national internal revenue code

An Act to Further Amend Section One Hundred and Forty-Seven of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code

In plain language

This Act further amends Sec. 147 of the National Internal Revenue Code to impose a specific tax on playing cards, setting a tax of three pesos per pack up to 60 cards and a proportionate additional tax for larger packs, capped at seven pesos.

Amendment to Sec. 147 to impose a tax of three pesos per pack of up to 60 cards.

Additional tax for packs over 60 cards, proportionate to excess, capped at seven pesos.

Effective upon approval.

tax

playing cards

internal revenue code

REPUBLIC ACT No. 4907

An Act to Further Amend Section One Hundred and Forty-Seven of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code

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

Section 1

Section one hundred and forty-seven of Commonwealth Act Numbered Four hundred and sixty-six, otherwise known as the National Internal Revenue Code, as amended, is hereby further amended to read as follows:

"Sec. 147. Specific Tax on Playing Cards. (a) On each pack of cards regardless of the size thereof containing not more than sixty cards, there shall be collected a tax of three pesos. "(b) On each pack containing more than sixty cards, there shall be collected the tax established in subsection (a) and a proportionate additional tax on the number in excess of sixty: Provided, However, That the maximum amount that shall be collected on one pack shall not exceed seven pesos."

Section 2

This Act shall take effect upon its approval.

Approved: June 17, 1967.

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.