REPUBLIC ACT NO. 1507 - AN ACT TO AMEND SECTION SEVEN OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND SIXTY-SEVEN, ENTITLED "AN ACT TO AMEND TITLE VI OF COMMONWEALTH ACT NUMBERED. FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED," TO MAKE THE RATES PRESCRIBED THEREIN PERMANENT.
[ REPUBLIC ACT NO. 1507, June 16, 1956 ]
AN ACT TO AMEND SECTION SEVEN OF REPUBLIC ACT NUMBERED FIVE HUNDRED AND SIXTY-SEVEN, ENTITLED "AN ACT TO AMEND TITLE VI OF COMMONWEALTH ACT NUMBERED. FOUR HUNDRED AND SIXTY-SIX, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED," TO MAKE THE RATES PRESCRIBED THEREIN PERMANENT.
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, as amended by Republic Act Numbered Seven hundred and twenty-five, Republic Act Numbered Eight hundred "and seventy, Republic Act Numbered One thousand and ninety-two, and Republic Act Numbered One thousand two hundred seventy-four, is further amended to read as follows:
"SEC. 7. The provisions of this Act shall take effect upon its approval."
SEC. 2. This Act shall take effect upon its approval.
Approved, June 16, 1956.
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