Excise Tax on Foreign Exchange Sales

Ask AI

Republic Act No. 1175: Excise Tax on Foreign Exchange Sales

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Excise Tax on Foreign Exchange Sales

Law: Republic Act No. 1175

Decision Date: Jun 18, 1954

This act amends the special excise tax on foreign exchange transactions, imposing a 17% tax while exempting certain essential imports, including medical supplies, agricultural equipment, and educational materials, until June 30, 1955.

END