Amendment on compensating tax under NIRC

Ask AI

Republic Act No. 361: Amendment on compensating tax under NIRC

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Amendment on compensating tax under NIRC

Law: Republic Act No. 361

Decision Date: Jun 9, 1949

Republic Act No. 361 introduces a compensating tax on imported items in the Philippines, requiring individuals to pay a tax based on the total value of the items, with exceptions for certain merchants, importers, and manufacturers.

compensating tax

imported items

tax rate

END