Full Title
AN ACT TO EXEMPT FROM THE PAYMENT OF INCOME AND OTHER TAXES THE AMOUNTS COLLECTED BY A TAXPAYER FOR DAMAGES SUFFERED DURING THE WAR.
Congress
1st Congress of the Republic
House Bill No.
H. No. 1946
Legislative History
Request for e-copy
Date of Approval
June 5, 1948

Other Details

Issuance Category
Legislative Issuance
Legislative Issuance Type
Republic Act
Bill Note
House Bill Only
Subjects
WAR DAMAGE COMPENSATION -- TAXATION, EXEMPTION FROM

Official Gazette

Official Gazette Source
Official Gazette vol. 44 no. 8 page 2625 (8/00/1948)

Full Text of Issuance

H. No. 1946 / 44 OG No. 8, 2625 (August, 1948)

[ REPUBLIC ACT NO. 227, June 05, 1948 ]

AN ACT TO EXEMPT FROM THE PAYMENT OF INCOME AND OTHER TAXES THE AMOUNTS COLLECTED BY A TAXPAYER FOR DAMAGES SUFFERED DURING THE WAR

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. Any amount received by a taxpayer from the Government of the United States or of the Philippines, or from any of their agencies and instrumentalities, for or on account of damages or losses suffered during the last war is hereby exempted from the payment of income tax and/or any other taxes to the Government of the Philippines; and any such tax heretofore collected thereon shall be credited, if such credit is requested, within one year from the approval of this Act.SEC. 2. Any law inconsistent with this Act is hereby repealed.SEC. 3. This Act shall take effect upon its approval.Approved, June 5, 1948.

Source: Supreme Court E-Library