Bill Type
Congress Name
Long Title
AN ACT AMENDING SECTION 106 (A) (1) (a) AND SECTION 108 (A) OF PRESIDENTIAL DECREE NO. 1158, AS AMENDED BY REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE
Date filed
July 1, 2004
Scope
Legislative History
| House Bill/Resolution NO. HB00651 |
| FULL TITLE : AN ACT AMENDING SECTION 106 (A) (1) (a) AND SECTION 108 (A) OF PRESIDENTIAL DECREE NO. 1158, AS AMENDED BY REPUBLIC ACT NO. 8424, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE |
| ABSTRACT : The bill reduces the value-added tax rate from 10% to 2% on the sale or lease of real properties. |
| PRINCIPAL AUTHOR/S : ZIALCITA, EDUARDO C. |
| DATE FILED : 2004-07-01 |
| SIGNIFICANCE: NATIONAL |
| ACTIONS TAKEN BY THE COMMITTEE ON RULES |
| REFERRAL TO THE COMMITTEE ON WAYS AND MEANS ON 2004-07-28 |
Abstract
The bill reduces the value-added tax rate from 10% to 2% on the sale or lease of real properties.
Disclaimer
Note: Legislative history and other information accessed from Congress Legis. Information as of April 20, 2022.