Bill Type
Long Title
AN ACT ADOPTING THE GROSS INCOME TAXATION FOR CORPORATIONS AMENDING FOR THE PURPOSE PERTINENT PROVISIONS OF TITLE II OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND F0R OTHER PURPOSES
Congress Author
Date filed
November 9, 2004
Scope

Legislative History

House Bill/Resolution NO. HB03256
FULL TITLE : AN ACT ADOPTING THE GROSS INCOME TAXATION FOR CORPORATIONS AMENDING FOR THE PURPOSE PERTINENT PROVISIONS OF TITLE II OF THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED, AND F0R OTHER PURPOSES
ABSTRACT : The bill imposes a uniform 15% income tax rate on the gross income of corporations derived from all sources within and without the Philippines.
PRINCIPAL AUTHOR/S : DIAZ, ANTONIO M.
DATE FILED : 2004-11-09
SIGNIFICANCE: NATIONAL
ACTIONS TAKEN BY THE COMMITTEE ON RULES
REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-11-16

Abstract

The bill imposes a uniform 15% income tax rate on the gross income of corporations derived from all sources within and without the Philippines.'

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Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.