Increased Penalties for Tax Evasion

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Republic Act No. 7642: Increased Penalties for Tax Evasion

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Title Source: Supreme Court: Increased Penalties for Tax Evasion

Law: Republic Act No. 7642

Decision Date: Dec 28, 1992

Republic Act No. 7642 increases penalties for tax evasion in the Philippines, introducing amendments to the National Internal Revenue Code to ensure stricter punishment for individuals and entities found guilty of tax evasion.

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