Science Fund Tax on Vehicles and Stamps

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Republic Act No. 5448: Science Fund Tax on Vehicles and Stamps

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Title Supreme Court: Science Fund Tax on Vehicles and Stamps

Law: Republic Act No. 5448

Decision Date: Sep 25, 1968

Republic Act No. 5448 imposes a tax on privately owned vehicles and a science stamp tax, with the collected funds dedicated to promoting scientific research and development in the Philippines for a duration of five years.

special science fund

creation

tax imposition

END