BATAS PAMBANSA BLG. 2

: An Act consolidating the taxes on receipts from room occupancy of hotels, motels and other establishments, repealing Presidential Decree Numbered Thirty-one, and for other purposes.
: It was approved on August 18, 1978, and took effect on April 1, 1979.
: It inserts a new section between Sections 205 and 206, specifically Section 205-A.
: A tax equivalent to ten percent (10%) of their gross receipts derived from room occupancy is imposed.
: Hotels, motels, rest houses, pension houses, lodging houses, and resorts are covered.
: The tax is in lieu of the contractor's tax, the documentary stamp tax under Sections 205(12) and 238(b) of the National Internal Revenue Code of 1977, and the science stamp tax under Section 4 of Republic Act No. 5448.
: Presidential Decree Numbered Thirty-one was repealed.
: Sections 205(12) and 238(b) regarding the contractor's and documentary stamp taxes respectively.
: No, it only imposes tax on the gross receipts derived from room occupancy.
: To simplify and streamline the taxation on room occupancy by imposing a single percentage tax and repealing previous related taxes.