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Section 56. Section 180 of the NIRC, as amended, is hereby further - Taxation Laws (compiled codal)

Section 56. Section 180 of the NIRC, as amended, is hereby further of Taxation Laws (compiled codal). Section 56. Section 180 of the NIRC, as amended, is hereby further amended to read as follows: "Sec. 180. Stamp Tax on All Bills of Exchange or D

  • Subjects 9 Bar syllabus groups
  • Codals 48 Primary legal sources

Taxation Laws (compiled codal)

Section 56. Section 180 of the NIRC, as amended, is hereby further amended to read as follows:

"Sec. 180. Stamp Tax on All Bills of Exchange or Drafts. - On all bills of exchange (between points within the Philippines) or drafts, there shall be collected a documentary stamp tax of Sixty centavos (₱0.60) on each Two hundred pesos (₱200), or fractional part thereof, of the face value of any such bill of exchange or draft."

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