PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW LIBRARY
|REPUBLIC ACT NO. 870 - AN ACT TO
EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND
SIXTY-SEVEN, BY FURTHER AMENDING SECTION SEVEN THEREOF, ENTITLED "AN
ACT TO AMEND TITLE SIX OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND
SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE"
| Section 1.
Section seven of Republic Act Numbered Five hundred and sixty-seven, as
amended by Republic Act Numbered Seven hundred and twenty-five, is
further amended to read as follows:
"Sec. 7. This Act shall take effect upon its approval, but unless otherwise expressly extended by Congress, the increased taxes provided for in this Act shall continue in force and effect until December thirty-one, nineteen hundred and fifty-four."
Sec. 2. This Act shall take effect upon its approval.
Approved: June 16, 1953