Full Title
AN ACT TO EXEMPT AWARDS GIVEN BY THE RAMON MAGSAYSAY AWARD FOUNDATION FROM THE PAYMENT OF INCOME, GIFT AND ALL OTHER TAXES.
Congress
House Bill No.
H. No. 853
Legislative History
Date of Approval
June 13, 1958
Other Details
Issuance Category
Legislative Issuance Type
Bill Note
Link From Other Sources
URL (Supreme Court)
Official Gazette
Official Gazette Source
Official Gazette vol. 54 no. 14 page 4224 (July 14, 1958)
Full Text of Issuance
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H. No. 853 / 54 OG No. 14, 4224 (July 14, 1958)
[ REPUBLIC ACT NO. 2062, June 13, 1958 ]
AN ACT TO EXEMPT AWARDS GIVEN BY THE RAMON MAGSAYSAY AWARD FOUNDATION FROM THE PAYMENT OF INCOME, GIFT AND ALL OTHER TAXES.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. The provisions of any existing law to the contrary notwithstanding, all awards given by the Ramon Magsaysay Award Foundation shall be exempted from the payment of income, gift and all other taxes.SEC. 2. This Act shall take effect upon its approval.Approved, June 13, 1958.
Source: Supreme Court E-Library