Tax Exemptions for Rural Banks per R.A. 7353

Ask AI

KRI REVENUE REGULATION NO. 16-93: Tax Exemptions for Rural Banks per R.A. 7353

What do you want to know about the law?
Ask AI quickly gives answers based only on the current context to avoid mistakes. Always verify with the original text.

New Chat Started

Ask AI

Title Source: Supreme Court: Tax Exemptions for Rural Banks per R.A. 7353

Law: Kri Revenue Regulation No. 16-93

Decision Date: Apr 22, 1993

R.A. No. 7353 establishes tax exemptions for rural banks, allowing them to operate free from various taxes for five years while outlining their responsibilities as withholding agents and the penalties for non-compliance by judicial officials.

END