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
Year:
1956
Category:
Other
Date Approved:
June 16, 1956
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 Seven of Republic Act No. 567, which pertains to the National Internal Revenue Code. Its main purpose is to make the rates prescribed in the code permanent.Full Text
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
Be it enacted by the Senate and House of Representatives of the Philippine 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 and seventy-four, is further amended to read as follows:
Section 2. This Act shall take effect upon its approval.
Approved: June 16, 1956.
"Sec. 7. The provisions of this Act shall take effect upon its approval."
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.