PRESIDENTIAL DECREE NO. 796, September 04, 1975
AMENDING SECTION 5 OF THE LOCAL TAX CODE
Presidential Decrees September 4, 1975
I, FERDINAND E. MARCOS, President of the Philippines, by
virtue of the powers vested in me by the Constitution, do hereby decree
and order:
virtue of the powers vested in me by the Constitution, do hereby decree
and order:
SECTION 1. Section 5 of Presidential Decree No. 231
otherwise known as the Local Tax Code, is hereby amended to read as
follows:
SEC. 5. Common limitations on the taxing powers of
local governments. The exercise of the taxing powers of provinces,
cities, municipalities and barrios shall not extend to the imposition of
the following:* * * * * * *
- Taxes on the business of persons engaged in the printing and
publication of any newspaper, magazine, review or bulletin appearing at
regular intervals and having fixed prices for subscription and sale,
and which is not published primarily for the purpose of publishing
advertisements.”
SEC. 2. All provisions of laws, decrees, executive orders,
rules or regulations inconsistent with this Decree are hereby amended,
modified or repealed accordingly.
SEC. 3. This Decree shall take effect immediately.
Done in the City of Manila, this 4th day of September, in the year
of Our Lord, nineteen hundred and seventy-five.
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(Sgd.)
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FERDINAND E. MARCOS | ||||||||
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President
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| Republic of the Philippines | |||||||||
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By the President: | ||||||||
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(Sgd.)
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ROBERTO V. REYES | ||||||||
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Acting Executive Secretary
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