Amendment of Income Tax Rates

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Republic Act No. 1094: Amendment of Income Tax Rates

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Title Supreme Court: Amendment of Income Tax Rates

Law: Republic Act No. 1094

Decision Date: Jun 15, 1954

Republic Act No. 1094 amends the National Internal Revenue Code in the Philippines to introduce a progressive tax system based on income brackets, with tax rates ranging from 5% to 60% per annum.

amending

rates of tax

citizens

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