REPUBLIC ACT NO. 868, June 16, 1953
AN ACT TO AMEND SECTION THREE OF REPUBLIC ACT NUMBERED SIX HUNDRED, ENTITLED “AN ACT TO PRESCRIBE A GRADUATED SCALE FOR THE INCOME TAX ON CORPORATIONS BY AMENDING SECTIONS TWENT…
Republic Acts June 16, 1953
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
SECTION 1. Section three of Republic Act Numbered Six hundred is amended to read as follows:
SECTION 1. Section three of Republic Act Numbered Six hundred is amended to read as follows:
“SEC. 3. The provisions of this Act shall apply to income received from January first, nineteen hundred and fifty-one to December thirty-one, nineteen hundred and fifty-four after the expiration of which later date the provisions of Republic Act Numbered Five hundred and ninety amending sections twenty-four and fifty-four of the National Internal Revenue Code, as amended, shall be in full force and effect.”
SEC. 2. This Act shall take effect upon its approval
Approved, June 16, 1953.