An Act to Extend the Effectivity of Republic Act Numbered Five Hundred and Eighty-Eight, by Further Amending Section Eight Thereof, Entitled "An Act to Amend Certain Sections of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code," as Amended
Year:
1954
Category:
Other
Date Approved:
June 15, 1954
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 extends the effectivity of Republic Act No. 588 by further amending its provisions regarding tax rates. It ensures that the increased taxes will remain in effect until explicitly extended by Congress.Full Text
REPUBLIC ACT No. 1091
An Act to Extend the Effectivity of Republic Act Numbered Five Hundred and Eighty-Eight, by Further Amending Section Eight Thereof, Entitled "An Act to Amend Certain Sections of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code," as Amended
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Section eight of Republic Act Numbered Five hundred and eighty-eight, as amended by Republic Act Numbered Seven hundred and twenty-six and Republic Act Numbered Nine hundred and fifty-eight, is further amended to read as follows:
Section 2. This Act shall take effect upon its approval.
Approved: June 15, 1954.
"Sec. 8. 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-five, after which period the original rates of tax shall again be in force."
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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.