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[ Acts No. 4058, March 01, 1933 ]

AN ACT TO AMEND SECTIONS FOURTEEN HUNDRED AND NINETY-FIVE AND FIFTEEN HUNDRED AND THIRTY-FOUR OF ACT NUMBERED TWENTY-SEVEN HUNDRED AND ELEVEN, AND FOR OTHER PURPOSES.

Be it enacted by the Senate and House of Representatives of the Philippines in Legislature assembled and by the authority of the same:

SECTION 1. Section fourteen hundred and ninety-five, as amended, of Act Numbered Twenty-seven hundred and eleven, is hereby further amended by the addition thereto of the following paragraph:
"Whenever the above-mentioned oils are used in aviation, the specific tax thereon shall be refunded by the Collector of Internal Revenue upon the submission of a sworn certificate satisfactory to him proving that the said oils were actually used in aviation."
SEC. 2. Section fifteen hundred and thirty-four of the same Act is hereby amended to read as follows:
"SEC. 1534. Rate and basis of tax on mines.—There shall be levied and collected on the gross output of each mine an ad valorem tax equal to one and one-half per centum of the actual market value of such output: Provided, That in the case of gold mines, their output shall be subject to an ad valorem tax of one and one-half per centum, if the value of the said output does not exceed one million pesos; two and one-half per centum when the value exceeds one million pesos but does not exceed two million five hundred thousand pesos; three and one-half per centum when the value exceeds two million five hundred thousand pesos but does not exceed four million pesos; and five per centum when the value exceeds four million pesos."
SEC. 3. This Act shall take effect upon its approval.

Approved, March 1, 1933.
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