AN ACT TO AMEND SECTION FIFTEEN OF REPUBLIC ACT NUMBERED FIFTY-SIX RELATIVE TO THE TAX ON MINERAL OILS USED IN AVIATION.
Year:
1950
Category:
Other
Date Approved:
August 31, 1950
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act amends Section fifteen of Republic Act Numbered Fifty-six concerning the tax on mineral oils used in aviation. It provides for a refund of fifty percent of the specific tax paid on these oils when used in aviation for a period of five years from the effective date of the Act.Full Text
[ REPUBLIC ACT NO. 570, August 31, 1950 ]
AN ACT TO AMEND SECTION FIFTEEN OF REPUBLIC ACT NUMBERED FIFTY-SIX RELATIVE TO THE TAX ON MINERAL OILS USED IN AVIATION.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
Section 1. Section fifteen of Republic Act Numbered Fifty-six is hereby amended to read as follows:
"Section 15. Whenever any of the oils mentioned in section one hundred and forty-two of Commonwealth Act Numbered Four hundred and sixty-six are, during the period of five years from the effective date of this Act, used in aviation, fifty per centum of the specific tax paid thereon shall be refunded by the Collector of Internal Revenue upon the submission of a sworn certificate satisfactory to him proving that the said oils were actually used in aviation. No such refund shall be granted in respect to the oils used in aviation by citizens and corporations of foreign countries which do not grant equivalent refunds or exemptions in respect to similar oils used in aviation by citizens and corporations of the Philippines."
Section 2. This Act shall take effect upon its approval.
Approved, August 31, 1950.
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