BATAS PAMBANSA BLG. 399, May 18, 1983
AN ACT ABOLISHING THE ADDITIONAL TEN PERCENT TAX ON THE TAXABLE NET INCOME OF CLOSELY-HELD CORPORATIONS, REPEALING FOR THE PURPOSE PARAGRAPH (e) OF SECTION TWENTY-FOUR OF THE NA…
Batas Pambansa May 18, 1983
Be it enacted by the Batasang Pambansa in session assembled:
SECTION 1. Paragraph (e) of Section twenty-four of the National Internal Revenue Code, as amended, is hereby repealed.
SEC. 2. This Act shall take effect upon its approval.
Approved, May 18, 1983.