PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
MGA BATAS PAMBANSA
| BATAS PAMBANSA BLG. 399 - 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 |
| 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National Internal Revenue Code, as amended, is hereby repealed.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. |
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Since 19.07.98.
