An Act Amending Sections 22, 2s, 27, 28, 37, 54, 73, 108, 109, 121, 122, 123, 130, 175, 180, 181, 182, 183, 184, 185, 187, 188, 190, 194, 195, 198, 204, 222, 255, 256, 257, 261, 263, 264, 266, and 275; and Repealing Sections 177, 186, 192, and 193; All Under Republic Act No. 8424, Otherwise Known as the National Internal Revenue Code of 1997, as Amended, and for Other Purposes
The bill rewrites how banks, other financial firms, insurance and similar companies are taxed, adds a 5 % tax on their total receipts, sets a 2 % premium tax on life‑insurance products, and changes many documentary stamp taxes.
Automated summary by BatasWatch. It may miss nuance — read the bill text before citing it.
Printed from CivicSync PH: https://civicsync-ph-gamma.vercel.app/bills/SBN-59. Status changes over time; check the link for the latest.
SBN-59 · Sources: BatasWatch
Similar in what they’d do, filed by any lawmaker.