Amendments to National Internal Revenue Code

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Republic Act No. 1856: Amendments to National Internal Revenue Code

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Title Source: Supreme Court: Amendments to National Internal Revenue Code

Law: Republic Act No. 1856

Decision Date: Jun 22, 1957

Republic Act No. 1856, enacted in 1957, amends the National Internal Revenue Code in the Philippines, establishing fixed annual tax rates for businesses based on their gross annual sales and providing exemptions from the percentage tax for certain individuals and transactions.

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