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PHILIPPINE LAWS, STATUTES & CODES
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PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW
LIBRARYREPUBLIC ACTS
REPUBLIC
ACT NO. 4888
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REPUBLIC ACT NO. 4888 - 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)
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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.
xxx
xxx
xxx
Sec. 2. This Act shall take effect upon its
approval.
Approved: June 17, 1967
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