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BATAS PAMBANSA Blg. 399

An Act Abolishing the Additional Ten Percent Tax on the Taxable Net Income of Closely-Held Corporations, Repealing for the Purpose Paragraph (E) of Section Twenty-Four of the National Internal Revenue Code, as Amended

Section 1. Paragraph (e) of Section twenty-four of the National Internal Revenue Code, as amended, is hereby repealed.

Section 2. This Act shall take effect upon its approval.

Approved: May 18, 1983

The Lawphil Project - Arellano Law Foundation

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