SEC. 116. Tax on Persons Exempt from Value-Added Tax (VAT). – Any person whose sales or receipts are exempt under Section 109(V) of this Code from the payment of value-added tax and who is not a VAT-registered person shall pay a tax equivalent to three percent (3%) of his gross quarterly sales or receipts: Provided, [...]
TITLE I ORGANIZATION & FUNCTION OF THE BUREAU OF INTERNAL REVENUE SECTION 1. Title of the Code. – This Code shall be known as the National Internal Revenue Code of 1997. SEC. 2. Powers and duties of the Bureau of Internal Revenue. – The Bureau of Internal Revenue shall be under the supervision and control [...]
Republic Act No. 8424, as amended AN ACT AMENDING THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled: SECTION 1. Short Title – This Act shall be cited as the “Tax Reform Act of 1997“. SECTION 2. [...]
