Excise Tax on Foreign Exchange Sales

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

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Title 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.

republic act

excise tax

foreign exchange

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