Bill Type
Congress Name
Long Title
AN ACT EXEMPTING CERTAIN SERVICES FROM THE VALUE-ADDED TAX, AMENDING FOR THE PURPOSE THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED
Date filed
September 5, 2002
Scope
Legislative History
| House Bill/Resolution NO. House Bill No. 5231, 12th Congress of the Republic | |
| REPUBLIC ACT NO. RA09238 | |
| FULL TITLE : AN ACT EXEMPTING CERTAIN SERVICES FROM THE VALUE-ADDED TAX, AMENDING FOR THE PURPOSE THE NATIONAL INTERNAL REVENUE CODE OF 1997, AS AMENDED | |
| SHORT TITLE : Exempting Certain Services from the Value-Added Tax | |
| ABSTRACT : This bill seeks to exempt the following sale of services from the value-added tax: (1) Services rendered by banks, non-bank financial intermediaries, finance companies, and other financial intermediaries not performing quasi-banking functions; (2) Services performed as actors or acresses, talents, singers and emcees, radio and television broadcasters; choreographers, musical radio, movie television and stage directors; (3) Services performed as professional athletes; and (4) Servces performed in the exercise of profession or calling (including brokers) and professional services rendered by registered general professional partnership. | |
| PRINCIPAL AUTHOR/S : LEDESMA, JULIO IV A. | |
| DATE FILED : 2002-09-05 | |
| SIGNIFICANCE: NATIONAL | |
| CO-AUTHORS : | |
| 1. Lapus | |
| CO-AUTHORS (Journal Entries) : | |
| 1. Uy (019 ) | 2. Umali (019 ) |
| 3. Ylagan (019 ) | 4. Nieva (019 ) |
| 5. Cari (028 ) | |
| COUNTERPART HOUSE BILL/CONCURRENT RESOLUTION: SB02660 | |
| URGENT SENATE BILL? Yes | |
| DATE CERTIFIED AS URGENT HOUSE BILL: 2003-10-13 | |
| ACTIONS TAKEN BY THE COMMITTEE | |
| COMMITTEE REPORT NO. 00977 | |
| SUBMITTED ON 2002-10-30 | |
| SUBMITTED BY: WAYS AND MEANS | |
| RECOMMENDATIONS: approval | |
| SUBSTITUTED BILLS: House Bill No. 259, 12th Congress of the Republic | |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES | |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2002-09-30 | |
| DATE INCLUDED IN OB: 2002-11-12 | |
| SECOND READING INFORMATION | |
| PERIOD OF SPONSORSHIP : 2002-12-03 | |
| PERIOD OF COMMITTEE AMENDMENTS : 2002-12-03 | |
| DATE APPROVED ON SECOND READING : 2002-12-03 | |
| REMARKS : The Body considered the Explanatory Note of House Bill No. 5231 and House Bill No. 259 in which it was consolidated as part of the sponsorship remarks on the measure. | |
| THIRD READING INFORMATION | |
| DATE COPY DISTRIBUTED TO MEMBERS: 2002-12-18 | |
| DATE APPROVED BY THE HOUSE ON THIRD READING :2003-05-05 | |
| HOUSE VOTES: YEAS:154 NAYS:0 ABSTAIN:.0 | |
| DATE TRANSMITTED TO THE SENATE: 2003-05-08 | |
| ACTIONS TAKEN BY THE SENATE/HOUSE | |
| DATE RECEIVED BY THE SENATE: 2003-05-09 | |
| CONFERENCE COMMITTEE INFORMATION | |
| DATE REQUESTED TO FORM A CONFERENCE COMMITTEE : 2003-10-23 | |
| CONFERENCE COMMITTEEE REQUESTED BY : HOUSE | |
| DATE AGREED TO FORM A CONFERENCE COMMITTEE : 2003-10-27 | |
| REMARKS : The Body approved the Conference Ctte. Report on House Bill No. 5231, 12th Congress of the Republic/SB02660 on Nov. 24, 2003. However, on Nov. 25, 2003, said report was reconsidered. | |
| CONCOM MEMBERS(HOUSE) : Ledesma, Lapus, Teves, Garcia, Dilangalen, Mitra | |
| CONCOM MEMBERS(SENATE) : , , | |
| DATE HOUSE RATIFIED CONCOM REPORT : 2003-11-24 | |
| DATE SENATE APPROVED CONCOM REPORT : 2003-11-24 | |
| DATE HOUSE RECONSIDERED CONCOM REPORT : 2003-11-25 | |
| DATE HOUSE RATIFIED THE RECONSIDERED CONCOM REPORT : 2003-12-17 | |
| ACTIONS TAKEN BY THE PRESIDENT | |
| DATE TRANSMITTED TO THE PRESIDENT : 2003-12-30 | |
| DATE ACTED UPON BY THE PRESIDENT : 2004-02-05 | |
| PRESIDENTIAL ACTION:(A)PPROVED/(V)ETOED/(L)APSED : L | |
| REPUBLIC ACT NO.: RA09238 | |
| ORIGIN : HOUSE | |
| REPUBLIC ACT TITLE: AN ACT AMENDING CERTAIN SECTIONS OF THE NATIONAL INTERNAL REVENUE CODE OF 1987, AS AMENDED, BY EXCLUDING SEVERAL SERVICES FROM THE COVERAGE OF THE VALUE-ADDED TAX AND RE-IMPOSING THE GROSS RECEIPTS TAX ON BANKS AND NON-BANK FINANCIAL INTERMEDIARIES PERFORMING QUASI-BANKING FUNCTIONS AND OTHER NON-BANK FINANCIAL INTERMEDIARIES BEGINNING JANUARY 1, 2004 |
Abstract
This bill seeks to exempt the following sale of services from the value-added tax: (1) Services rendered by banks, non-bank financial intermediaries, finance companies, and other financial intermediaries not performing quasi-banking functions; (2) Services performed as actors or acresses, talents, singers and emcees, radio and television broadcasters; choreographers, musical radio, movie television and stage directors; (3) Services performed as professional athletes; and (4) Servces performed in the exercise of profession or calling (including brokers) and professional services rendered by registered general professional partnership.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.