Republic Act
Approved March 24, 1992

Republic Act No. 7291

An act restoring the tax and duty incentives previously enjoyed by the veterans federation of the philippines under republic act numbered twenty-six hundred and forty

AN ACT RESTORING THE TAX AND DUTY INCENTIVES PREVIOUSLY ENJOYED BY THE VETERANS FEDERATION OF THE PHILIPPINES UNDER REPUBLIC ACT NUMBERED TWENTY-SIX HUNDRED AND FORTY

In plain language

Restores the tax and duty incentives previously enjoyed by the Veterans Federation of the Philippines under Republic Act 2640, while ensuring no dollar outflow and repealing or modifying inconsistent laws.

  • Restoration of tax and duty incentives for Veterans Federation
  • No dollar outflow in transaction
  • Repeal or modification of inconsistent laws
  • Effectivity upon approval
Veterans
Tax Incentives
RA 7291

[ REPUBLIC ACT NO. 7291, March 24, 1992 ]

AN ACT RESTORING THE TAX AND DUTY INCENTIVES PREVIOUSLY ENJOYED BY THE VETERANS FEDERATION OF THE PHILIPPINES UNDER REPUBLIC ACT NUMBERED TWENTY-SIX HUNDRED AND FORTY

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

Section 1. Notwithstanding the provisions of Executive Order No

93 and Presidential Decree No. 1931, the tax and duty incentives previously enjoyed by the Veterans Federation of the Philippines under Republic Act Numbered Twenty-six hundred and forty are hereby restored: Provided, That no dollar outflow shall in any manner be involved in the exchange of transaction.

Section 2

All laws, decrees, orders, issuances, rules and regulations, or parts thereof, inconsistent with this Act are hereby repealed or modified accordingly.

Section 3

This Act shall take effect upon its approval.

Approved,

NEPTALI A. GONZALES

President of the Senate

RAMON V. MITRA

Speaker of the House of Representatives

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This Act which originated in the House of Representatives was finally passed by the House of Representatives and the Senate on February 3, 1992.

ANACLETO D. BADOY, JR.

Secretary of the Senate

CAMILO L. SABIO

Secretary General House of Representatives

Approved: March 24, 1992

CORAZON C. AQUINO

President of the Philippines

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.