Amendment on Taxation of Imported Luxury Articles

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Republic Act No. 1511: Amendment on Taxation of Imported Luxury Articles

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Title Source: Supreme Court: Amendment on Taxation of Imported Luxury Articles

Law: Republic Act No. 1511

Decision Date: Jun 16, 1956

The amendment to the National Internal Revenue Code in the Philippines requires importers to pay percentage taxes in advance based on the import invoice value of articles, with specific rates for different types of articles, and addresses the tax due on luxury articles brought or imported tax-free by tax-exempt persons and subsequently sold to non-exempt private individuals or entities.

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