An Act Requiring Corporations, Agencies or Instrumentalities Owned or Controlled by the Government to Pay Taxes, Duties, Fees, and Other Charges
Year:
1947
Category:
Other
Date Approved:
June 2, 1947
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 mandates that all corporations, agencies, or instrumentalities owned or controlled by the Government must pay the same taxes, duties, fees, and other charges as individuals and private corporations. It aims to ensure that government entities contribute to the revenue system similarly to private entities.Full Text
REPUBLIC ACT No. 104
An Act Requiring Corporations, Agencies or Instrumentalities Owned or Controlled by the Government to Pay Taxes, Duties, Fees, and Other Charges
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. All corporations, agencies or instrumentalities owned or controlled by the Government shall pay such duties, taxes, fees and other charges upon their transaction, business, industry, sale or income as are imposed by law upon individuals, associations or corporations engaged in any taxable business, industry, or activity, except on goods or commodities imported or purchased and sold or distributed for relief purposes as may be determined by the President of the Philippines.
Section 2. All acts or parts of acts which are inconsistent with the provisions of this Act are hereby repealed.
Section 3. This Act shall take effect upon its approval.
Approved: June 2, 1947
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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.