|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National Internal Revenue Code, as amended, is hereby repealed.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.