Republic Act No. 1092

: The primary purpose of Republic Act No. 1092 is to extend the effectivity of Republic Act No. 567 by further amending Section 7 thereof, which pertains to the duration of the increased taxes under the National Internal Revenue Code.
: RA No. 1092 further amends Section 7 of Republic Act No. 567, which was previously amended by Republic Acts No. 725 and No. 870.
: Section 7 states that the increased taxes provided shall continue in force until December 31, 1955, unless otherwise expressly extended by Congress.
: RA No. 1092 took effect upon its approval on June 15, 1954.
: It means that the period for the increased taxes provided by the Act is temporary and will expire on December 31, 1955, unless Congress passes another law to extend it further.
: It specifically relates to the National Internal Revenue Code as amended, particularly Title Six, which concerns internal revenue taxes.
: RA No. 1092 only extends the duration of the increased taxes already provided in the earlier Acts; it does not introduce new taxes.
: It was enacted by the Senate and House of Representatives of the Philippines in Congress assembled.
: The Act was enacted in 1954 to extend increased taxes that were initially imposed and due to expire before 1955, indicating efforts to prolong fiscal measures.
: No, RA No. 1092 primarily addresses the extension of the effectivity period of increased taxes and does not discuss penalties or enforcement procedures.