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Internal Revenue Code of the Philippines Essay

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Below is an essay on "Internal Revenue Code of the Philippines" from Anti Essays, your source for research papers, essays, and term paper examples.

THE NATIONAL INTERNAL REVENUE CODE OF THE PHILIPPINES [Tax Reform Act of 1997]

Republic Act No. 8424 AN ACT AMENDING THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED, AND FOR OTHER PURPOSES

SECTION 1. Short Title - This Act shall be cited as the "Tax Reform Act of 1997" SEC. 2. State Policy. – It is hereby declared the policy of the State to promote sustainable economic growth through the rationalization of the Philippine internal revenue tax system, including tax administration; to provide, as much as possible, an equitable relief to a greater number of taxpayers in order to improve levels of disposable income and increase economic activity; and to create a robust environment for business to enable firms to compete better in the regional as well as the global market, at the same time that the State ensures that Government is able to provide for the needs of those under its jurisdiction and care. SEC. 3. Presidential Decree No. 1158, as amended by, among others, Presidential Decree No. 1994 and Executive Order No. 273, otherwise known as the National Internal Revenue Code, is hereby further amended. TITLE I ORGANIZATION AND FUNCTION OF THE BUREAU OF INTERNAL REVENUE SECTION 1. Title of the Code - This Code shall be known as the National Internal Revenue Code of 1997. SEC. 2. Powers and Duties of the Bureau of Internal Revenue - The Bureau of Internal Revenue shall be under the supervision and control of the Department of Finance and its powers and duties shall comprehend the assessment and collection of all national internal revenue taxes, fees, and charges, and the enforcement of all forfeitures, penalties, and fines connected therewith, including the execution of judgments in all cases decided in its favor by the Court of Tax Appeals and the ordinary courts. The Bureau shall give effect to and administer the supervisory and police powers conferred to it by this Code or other laws. SEC. 3. Chief Officials of the Bureau of Internal Revenue - The Bureau of...

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Internal Revenue Code of the Philippines. Anti Essays. Retrieved December 10, 2018, from the World Wide Web: http://parimatchstavki7.com/free-essays/Internal-Revenue-Code-Of-The-Philippines-599690.html