Full Title
AN ACT ABOLISHING THE ADDITIONAL TEN PERCENT TAX ON TAXABLE NET INCOME OF CLOSELY-HELD CORPORATIONS, REPEALING FOR THE PURPOSE PARAGRAPH (E) OF SECTION TWENTY-FOUR OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED.
Congress
Date of Approval
May 18, 1983
Other Details
Issuance Category
Legislative Issuance Type
Link From Other Sources
URL (Supreme Court)
Official Gazette
Official Gazette Source
Official Gazette vol. 80 no. 11 page 1614 (3/12/1984)
Full Text of Issuance
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P.B. No. 2521 / 80 O. G. No. 11, 1614 (March 12, 1984)
[ BATAS PAMBANSA BLG. 399, May 18, 1983 ]
AN ACT ABOLISHING THE ADDITIONAL TEN PERCENT TAX ON THE TAXABLE NET INCOME OF CLOSELY-HELD CORPORATIONS, REPEALING FOR THE PURPOSE PARAGRAPH (e) OF SECTION TWENTY-FOUR OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED.
Be it enacted by the Batasang Pambansa in session assembled:
SECTION 1. Paragraph (e) of Section twenty-four of the National Internal Revenue Code, as amended, is hereby repealed.
SEC. 2. This Act shall take effect upon its approval.
Approved, May 18, 1983.
Source: Supreme Court E-Library