RA 6110_AMENDED INTERNAL REVENUE CODE.pdf - REPUBLIC ACT NO...

This preview shows page 1 out of 29 pages.

REPUBLIC ACT NO. 6110 AN ACT AMENDING CERTAIN PROVISIONS OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED. Section 1. Sec. two of Commonwealth Act Numbered Four hundred and sixty-six, as amended, is hereby amended to read as follows: "Sec. 2. Chief Officials of Bureau. The Bureau of Internal Revenue shall have a chief to be known as Commissioner of Internal Revenue, and two assistant chiefs, to be known as deputy commissioners." Sec. 2. Sec. five of the same Act is hereby amended to read as follows: "Sec. 5. Forms, certificates, and appliances supplied by the Commissioner of Internal Revenue. It shall be the duty of the Commissioner of Internal Revenue, among other things, to prescribe, provide, and distribute to the proper officials the requisite licenses, internal revenue stamps, and labels or tags used in sealing weights, and measures, and all other forms, certificates, bonds, records, invoice books, instruments, appliances, and apparatus used in administering the laws falling within the jurisdiction of the Bureau. For this purpose, internal revenue stamps, strip stamps, science stamps and labels shall be caused by the Commissioner of Internal Revenue to be printed in the same manner as Philippine currency." Sec. 3. A new section is hereby inserted after Sec. seven of the same Act to be known as Sec. seven-A, which shall read as follows: "Sec. 7-A. Power of Commissioner of Internal Revenue to obtain information on potential taxpayers. When it comes to the knowledge of the Commissioner of Internal Revenue that certain offices of the national and local governments, such as the Office of Register of Deeds, the Securities and Exchange Commission, the Philippines Patent Office, those of mayors and treasurers, the Government Service Insurance System, the Social Security System and others, possess valuable information for discovery of potential taxpayers, the Commissioner or his deputies shall obtain that information upon proper request from the offices concerned. It shall be the duty of those offices to furnish the desired information within thirty days from receipt of the request of the Commissioner of Internal Revenue or his deputies." Sec. 4. Sec. eighteen of the same Act is hereby amended to read as follows: "Sec. 18. Sources of Revenue. The following taxes, fees and charges are deemed to be national internal revenue taxes: "(a) Income tax; "(b) Estate, inheritance and gift taxes; "(c) Specific taxes on certain articles; "(d) Privilege taxes on business or occupation; "(e) Documentary stamp taxes and science stamp taxes; "(f) Mining taxes; and "(g) Miscellaneous taxes, fees, and charges, namely, taxes on banks, finance companies, insurance companies, franchise taxes, taxes on amusements, charges on forest products, fees for sealing weights and measures, firearms license fees, tobacco inspection fees, water rentals, and such other taxes as are or hereafter may be imposed and collected by the Bureau of Internal Revenue." Sec. 5. Subsection (d) of Sec. twenty-three of the same Act is hereby amended to read as follows: "(d) Change of status.
Image of page 1
You've reached the end of this preview.
  • Spring '17
  • atty. norlyn consebit

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern