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This edition of the Tax Code includes the amendments introduced by the TRAIN Law. It also includes RA No. 11256 (An Act to Strengthen the Country’s Gross International Reserves), RA No. 11346 (An Act Increasing the Excise Tax on Tobacco Products, Imposing Excise Tax on Heated Tobacco
National Internal Revenue Code of 1997 - Free ebook download as PDF File (.pdf), Text File (.txt) or read book online for free. National Internal Revenue Code of 1997
National Internal Revenue Code of 1997, as amended by RA No. 10963 (TRAIN Law) For optimal readability, we highly recommend downloading the document PDF, which you can do below.
Download your free copy. Tax Code. Register. This edition of the National Internal Revenue Code of 1997 (Tax Code) includes the amendments introduced by Republic Act (RA) No. 11534, otherwise known as the CREATE Law, and by RA No. 11494 or Bayanihan 2.
National Internal Revenue Code of 1997 - Free ebook download as Word Doc (.doc), PDF File (.pdf), Text File (.txt) or read book online for free. This document summarizes key sections of the National Internal Revenue Code of 1997 in the Philippines.
Power of the Commissioner to Interpret Tax Laws and to Decide Tax Cases. - The power to interpret the provisions of this Code and other tax laws shall be under the exclusive and original jurisdiction of the Commissioner, subject to review by the Secretary of Finance.
In the case of a corporation subject to tax under section 27(A) and 28(A)(1), it may elect a standard deduction in an amount not exceeding forty percent (40%) of it gross income as defined in Section 32 of this Code. Unless the taxpayer signifies in his return his intention to elect the optional standard deduction, he shall be considered as ...