Act No. 2251
PHILIPPINE LAWS, STATUTES AND CODES - CHAN ROBLES VIRTUAL LAW
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ACT NO. 2251
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Since 19.07.98.
ACTS
| ACT NO. 2251 - AN ACT AMENDING
SUBSECTION (i) OF SECTION ONE HUNDRED AND FORTY-TWO OF ACT NUMBERED
ELEVEN HUNDRED AND EIGHTY-NINE, KNOWN AS THE "INTERNAL-REVENUE LAW OF
NINETEEN HUNDRED AND FOUR," BY INCLUDING MANUFACTURERS WITHIN ITS
PROVISIONS AND CHANGING THE BASIS OF THE EXEMPTION THEREIN PROVIDED,
AND FOR OTHER PURPOSES |
| Section 1. Subsection (i) of section one hundred and
forty-two of Act Numbered Eleven hundred and eighty-nine, commonly
known as the "Internal-Revenue Law," is hereby amended to read as
follows: "(i) Merchants,
peddlers, manufacturers, and small booth keepers, the gross value of
whose quarterly sales does not exceed one hundred and twenty-five
pesos." Sec. 2. This Act shall take effect on its passage. |
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