Philippine Tax Laws: The Basics (Basic Philippine Laws series)
Book Details
Author(s)Herald Digital Law Publishing
PublisherHerald Digital Law Publishing
ISBN / ASINB004V5178E
ISBN-13978B004V51789
Sales Rank1,933,419
MarketplaceUnited States 🇺🇸
Description
This book provides a handy compilation of the following basic Philippine tax laws:
(1) the National Internal Revenue Code;
(2) the Local Government Code of 1991;
(3) the Tariff and Customs Code (excluding provisions on classification and rates); and
(4) Republic Act No. 1125, which created the Court of Tax Appeals.
Two things inspired the publication of this book (which is part of a series of books on basic Philippine laws).
First, lawyers often find themselves in meetings, court hearings, or other situations where they need to make a quick check of a legal provision. With this compilation being available in electronic book format, lawyers will have easy access to basic Philippine tax laws wherever they may be (through their notebook computers, mobile phones, and electronic reading devices). Law students will also find this compilation useful as it includes the major tax laws covered by the Philippine bar examinations.
Second, we have seen Philippine laws published online and in traditional form; we were surprised with how several provisions of law, as published, differ from how they should actually read. For example, Section 204 of the Tariff and Customs Code, as found in an online version (examined on April 2, 2011) as well as the version published by the Tariff Commission (see 2009 edition), reads as follows:
On and after the day when this Code shall go into effect, all articles previously imported, for which no entry has been made, and all articles previously entered without payment of duty and under bond for warehousing, transportation, or any other purpose, for which no permit of delivery to the importer or his agent has been issued, shall be subject to the rates of duty imposed by this Code and to other duty, upon the entry, or withdrawal thereof from warehouse, for consumption.
However, Section 204 (as provided in Presidential Decree No. 1464) reads as follows:
On and after the day when this Code shall go into effect, all articles previously imported, for which no entry has been made, and all articles previously entered without payment of duty and under bond for warehousing, transportation, or any other purpose, for which no permit of delivery to the importer or his agent has been issued, shall be subject to the rates of duty imposed by this Code and to NO other duty, upon the entry, or withdrawal thereof from warehouse, for consumption. (capitalization supplied)
The important word “no” is missing from the versions referred to.
In this compilation, we exerted effort to faithfully reproduce the law. However, for your convenience, we added appropriate notes, in italics and enclosed in parenthesis, after certain provisions to indicate that such provisions have been amended or repealed by a later law.
(1) the National Internal Revenue Code;
(2) the Local Government Code of 1991;
(3) the Tariff and Customs Code (excluding provisions on classification and rates); and
(4) Republic Act No. 1125, which created the Court of Tax Appeals.
Two things inspired the publication of this book (which is part of a series of books on basic Philippine laws).
First, lawyers often find themselves in meetings, court hearings, or other situations where they need to make a quick check of a legal provision. With this compilation being available in electronic book format, lawyers will have easy access to basic Philippine tax laws wherever they may be (through their notebook computers, mobile phones, and electronic reading devices). Law students will also find this compilation useful as it includes the major tax laws covered by the Philippine bar examinations.
Second, we have seen Philippine laws published online and in traditional form; we were surprised with how several provisions of law, as published, differ from how they should actually read. For example, Section 204 of the Tariff and Customs Code, as found in an online version (examined on April 2, 2011) as well as the version published by the Tariff Commission (see 2009 edition), reads as follows:
On and after the day when this Code shall go into effect, all articles previously imported, for which no entry has been made, and all articles previously entered without payment of duty and under bond for warehousing, transportation, or any other purpose, for which no permit of delivery to the importer or his agent has been issued, shall be subject to the rates of duty imposed by this Code and to other duty, upon the entry, or withdrawal thereof from warehouse, for consumption.
However, Section 204 (as provided in Presidential Decree No. 1464) reads as follows:
On and after the day when this Code shall go into effect, all articles previously imported, for which no entry has been made, and all articles previously entered without payment of duty and under bond for warehousing, transportation, or any other purpose, for which no permit of delivery to the importer or his agent has been issued, shall be subject to the rates of duty imposed by this Code and to NO other duty, upon the entry, or withdrawal thereof from warehouse, for consumption. (capitalization supplied)
The important word “no” is missing from the versions referred to.
In this compilation, we exerted effort to faithfully reproduce the law. However, for your convenience, we added appropriate notes, in italics and enclosed in parenthesis, after certain provisions to indicate that such provisions have been amended or repealed by a later law.
