Category Archives: National Internal Revenue Code [RA 8424]

TITLE VIEXCISE TAXES ON CERTAIN GOODS CHAPTER IGENERAL PROVISIONS SEC. 129. Goods Subject to Excise Taxes. – Excise taxes apply to goods manufactured or produced in the Philippines for domestic sales or consumption or for any other disposition and to … Continue reading →

TITLE VIIDOCUMENTARY STAMP TAX SEC. 173. Stamp Taxes Upon Documents, Loan Agreements, Instruments and Papers. – Upon documents, instruments, loan agreements and papers, and upon acceptances, assignments, sales and transfers of the obligation, right or property incident thereto, there shall … Continue reading →

TITLE VIIIREMEDIES CHAPTER IREMEDIES IN GENERAL SEC. 202. Final Deed to Purchaser. – In case the taxpayer shall not redeem the property as herein provided the Revenue District Officer shall, as grantor, execute a deed conveying to the purchaser so … Continue reading →

TITLE IXCOMPLIANCE REQUIREMENTS CHAPTER IKEEPING OF BOOKS OF ACCOUNTS AND RECORDS SEC. 232. Keeping of Books of Accounts. – (A) Corporations, Companies, Partnerships or Persons Required to Keep Books of Accounts. – All corporations, companies, partnerships or persons required by … Continue reading →

TITLE XSTATUTORY OFFENSES AND PENALTIES CHAPTER IADDITIONS TO TAX SEC. 247. General Provisions. – (a) The additions to the tax or deficiency tax prescribed in this Chapter shall apply to all taxes, fees and charges imposed in this Code. The … Continue reading →