Full Title
AN ACT AMENDING SUBPARAGRAPH (C) OF THE FIRST PARAGRAPH OF SECTION ONE HUNDRED EIGHTY OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY-SIX AS AMENDED, (RE: EQUAL INCENTIVES TO AGRICULTURAL, FISHERIES, MINERALS AND MINERAL PRODUCTS).
Congress
Senate Bill No.
S. No. 629
House Bill No.
H. No. 16095
Legislative History
Date of Approval
June 17, 1967
Other Details
Issuance Category
Legislative Issuance Type
Bill Note
Link From Other Sources
URL (Supreme Court)
Official Gazette
Official Gazette Source
Official Gazette vol. 63 no. 45 page 10093 (11/6/1967)
Full Text of Issuance
Click to view full text
S. No. 629 H. No. 16095 / 63 OG No. 45, 10095 (November 6, 1967)
[ REPUBLIC ACT NO. 4888, June 17, 1967 ]
AN ACT AMENDING SUBPARAGRAPH (c) OF THE FIRST PARAGRAPH OF SECTION ONE HUNDRED EIGHTY EIGHT OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY SIX AS AMENDED, (Re-equal incentives to agricultural, fisheries, minerals, and mineral products.)
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. Subparagraph (c) of the first paragraph of Section one hundred eighty-eight of Commonwealth Act Numbered Four hundred sixty-six, as amended is hereby further amended as follows:
"SEC. 188. Transactions and persons not subject to percentage tax.—In computing the tax imposed in Sections One hundred eighty-four, One hundred eighty-five, and Hundred eighty-six transactions in the following commodities shall be excluded:"(a) * * * * * * * * *"(b) * * * * * * * * *"(c) Minerals and mineral products, whether in their original state or not when sold, bartered, or exchanged by the lessee, concessionaire or owner of the mineral land from which removed.
SEC. 2. This Act shall take effect upon its approval. Approved, June 17, 1967.
Source: Supreme Court E-Library