REPUBLIC ACT NO. 725 - AN ACT TO EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND SIXTY-SEVEN, BY AMENDING SECTION SEVEN THEREOF, ENTITLED "AN ACT TO AMEND TITLE VI OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX," OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE.

[ REPUBLIC ACT NO. 725, June 06, 1952 ]

AN ACT TO EXTEND THE EFFECTIVITY OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND SIXTY-SEVEN, BY AMENDING SECTION SEVEN THEREOF, ENTITLED "AN ACT TO AMEND TITLE VI OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX," OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Section seven of Republic Act Numbered Five hundred and sixty-seven is 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 only until December thirty-one, nineteen hundred and fifty-three, after which period the actual rates of taxes shall again be in force."

SEC. 2. This Act shall take effect upon its approval.

Approved, June 6, 1952.