Amendment of Corp. Tax Rates under National Revenue Code

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Title Supreme Court: Amendment of Corp. Tax Rates under National Revenue Code

Law: Republic Act No. 1148

Decision Date: Jun 17, 1954

Republic Act No. 1148 amends the tax rates imposed on corporations in the Philippines, with a 20% rate for income up to 100,000 pesos and a 28% rate for income exceeding 100,000 pesos, applicable from January 1, 1954 onwards.

amending

rate of tax

corporations

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