Amendments (1997-2010) to the National Internal Revenue Code of 1997 (R.A.

8424) on Mon Aug 15, 2011 12:53 pm

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Arresto Menor Posts: 14 Join date: 06/09/2009 Age: 31 Location: Manila 1. R.A. 9238- An Act Amending Certain Sections of the National Internal Revenue Code of 1997, as Amended, by Excluding Several Services from the Coverage of the Value-added Tax and Re-imposing the Gross Receipts Tax on Banks and Non-bank Financial Intermediaries Performing Quasi-Banking Functions and Other Non-Bank Financial Intermediaries Beginning January 1, 2004. (Lapsed into law on Feb. 5, 2004 without the signature of the President in accordance with Article VI, Section 27(1) of the Constitution. )effectivity date-January 1, 2004; 2. R.A. 9294 - An Act Restoring the Tax Exemption of Offshore Banking Units (OBUs) and Foreign Currency Deposit Units (FCDUs), Amending for the Purpose Section 27(D)(3) and Section 28, Paragraphs (A)(4) and (A)(7)(b) of the National Internal Revenue Code, as Amended. (Approved by the President on April 28, 2004) effectivity date - May 21, 2004; 3. R.A. 9334 - An Act Increasing the Excise Tax Rates Imposed on Alcohol and Tobacco Products, Amending for the Purpose Sections 131, 141, 142, 143, 144, 145 and 288 of the National Internal Revenue Code of 1997, as Amended. effectivity date January 1, 2005; 4. R.A. 9337 - An Act Amending Sections 27, 28, 34, 106, 107, 108, 109, 110, 111, 112, 113, 114, 116, 117, 119, 121, 148, 151, 236, 237 and 288 of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes (Its effectivity clause provides that it shall take effect July 1, 2005 but due to a TRO filed by some taxpayers. The law finally took effect November 1, 2005 when the TRO was finally lifted by the Supreme Court); 5. R.A. 9361 - An Act Amending Section 110(B) of the National Internal Revenue Code of 1997, as Amended, and for Other Purposes. Effectivity date: December 13, 2006 (published on November 28, 2006); 6. R.A. 9504 - An Act Amending Sections 22, 24, 34, 35, 51 and 79 of Republic Act No. 8424, As Amended, Otherwise Known as the National Internal Revenue Code of 1997. (Approved on June 17, 2008 and took effect on July 6, 2008.); 7. R.A. 10001 - Publishing the full text of Republic Act No. 10001 entitled "An Act Reducing Taxes on Life Insurance Policies, Amending for this Sections 123 and 183 of the National Internal Revenue Code of 1997, as Amended." (Approved February 23, 2010); 8. R.A. 10021 - An Act to Allow the Exchange of Information By The Bureau of Internal Revenue On Tax Matters Pursuant to Internationally-Agreed Tax Standards, Amending Section 6(F), and 270 Of The National Internal Revenue Code, As Amended and For Other Purposes. (Approved March 8, 2010); 9.R.A. 10026 - An Act Granting Income Tax Exemption To Local Water Districts by Amending Section 27 (C) of the National Internal Revenue Code of 1997 As Amended, and Adding Section 289-A To The Code For the Purposes (Lapsed into law on March 11, 2010 without the signature of the President, in accordance with Article VI, Section 27 (1) of the Constitution..