PHILIPPINE LAWS, STATUTES, CODES & ISSUANCES
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
REPUBLIC ACTS
| REPUBLIC ACT NO. 2662 - AN ACT TO
AMEND SUBSECTION (h), SECTION ONE HUNDRED EIGHTY-FIVE OF COMMONWEALTH
ACT NUMBERED FOUR HUNDRED SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL
INTERNAL REVENUE CODE |
|
Section
1. Subsection h, Section one hundred eighty-five of
Commonwealth Act Numbered Four hundred sixty-six, is amended to read as
follows: "(h) Firearms
and cartridges or other forms of ammunition, except those locally
manufactured: Provided, however, That no tax shall be collected on
.22-caliber firearms and cartridges as well as other forms of
ammunition sold or delivered directly to the Armed Forces of the
Philippines or to any government instrumentality or agency as well as
to any organization and persons engaged in maintaining peace and order
for their use or issue."
Sec. 2. This Act shall take effect upon its approval. Approved: June 18, 1960 |
chanroblesvirtuallawlibrary
