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Batas Pambansa Bilang 399

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BATAS PAMBANSA BILANG. 399

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 Paragraph (e) of Section twenty-four of the National Internal Revenue Code, as amended, is hereby repealed.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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