PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
|COMMONWEALTH ACT NO. 526 - AN ACT TO AMEND SECTION TWO HUNDRED AND FOUR OF THE NATIONAL INTERNAL REVENUE CODE|
1. Section two hundred and four of Commonwealth Act
Numbered Four hundred and sixty-six is amended by adding at the end of
the first paragraph the following proviso:
"Provided, That merchants, importers, or manufacturers whose gross sales during the last preceding year exceed twenty thousand pesos shall, for each sale, issue an invoice, irrespective of the value of the article sold."
Section2. This Act shall take effect as of January first, nineteen hundred and forty.