REPUBLIC ACT NO. 1980 - AN
ACT TO FURTHER AMEND SECTION TWO HUNDRED TWENTY-SEVEN OF THE NATIONAL
INTERNAL REVENUE CODE |
Section
1. Section two hundred twenty-seven of Commonwealth
Act Numbered Four hundred sixty-six, otherwise known as the National
Internal Revenue Code, as amended by Republic Act Numbered Forty, is
further amended to read as follows: "Sec. 227.
Stamp tax on bills of lading or receipts. – On each set of bills of
lading or receipts (except charter party) for any goods, merchandise,
or effects shipped from one port or place in the Philippines to another
port or place in the Philippines, (except on ferries across rivers) or
to any foreign port, there shall be collected a documentary stamp tax
of six centavos, if the value of such goods exceeds five pesos and does
not exceed two hundred pesos; fifteen centavos, if the value exceeds
two hundred pesos and does not exceed one thousand pesos; thirty
centavos, if the value exceeds one thousand pesos and does not exceed
five thousand pesos; seventy-five centavos, if the value exceeds five
thousand pesos and does not exceed ten thousand pesos; and one peso and
fifty centavos, if the value exceeds ten thousand pesos." Sec. 2. This Act shall take effect upon its approval.cralaw Approved: June 22, 1957 |