Official Gazette, Volume 82, Issues 30-32National Print. Office, 1986 |
Other editions - View all
Common terms and phrases
accounts amended amount and/or appeal application approved assets authorized Bansing Batangas City bonds borrowings Cadastre capital Cebu Cebu City Central Bank Certificate of Title commercial papers Commission complaint corporation credit accommodations deposit substitute duly equity fees filed financial institutions foreign funds hereby IGLF income interest Investment House issued issuer Juan Cruz JUDICIAL REGION BRANCH loan association Mandaue City maturity ment Metro Manila Monetary Board Municipal NBQB non-bank financial intermediaries non-stock savings notice NSSLAs officers operations Oriental Mindoro Pangasinan parcel of land pawn pawnshop payment person pesos petition petitioner PHILIPPINES REGIONAL TRIAL prescribed Provided quasi-banking functions Quezon City Reconstitution record REGIONAL TRIAL COURT Register of Deeds registration reports Republic Act repurchase agreements Reserved savings and loan Section securities square meters stockholders subloan submitted Subsec Surigao City thence thereof tion transactions trust
Popular passages
Page 3738 - Amounts received under a life insurance contract paid by reason of the death of the insured, whether in a single sum or otherwise (but if such amounts are held by the insurer under an agreement to pay interest thereon, the interest payments shall be included in gross income); (2) ANNUITIES, ETC.
Page 3553 - But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed.
Page 3738 - Presidents and judges are hereby amended accordingly. (b) EXCLUSIONS FROM GROSS INCOME. — The following items shall not be included in gross income and shall be exempt from taxation under this title: (1) LIFE INSURANCE.
Page 3743 - For the purposes of this section a domestic corporation which owns a majority of the voting stock of a foreign corporation from which it receives dividends in any taxable year shall be deemed to have paid the same proportion of any income, war-profits, or excess-profits taxes paid by such foreign corporation to any foreign country...
Page 3742 - States, the amount of any such taxes paid or accrued during the taxable year to any foreign country, if the foreign country of which such alien resident is a citizen or subject, in imposing such taxes, allows a similar credit to citizens of the United States residing in such country...
Page 3551 - person" includes an individual, corporation, partnership, association, or any other organized group of persons, or legal successor or representative of the foregoing, and includes the United States or any agency thereof, or any other government, or any of its political subdivisions, or any agency of any of the foregoing : Provided, That no punishment provided by this Act shall apply to the United States, or to any such government, political subdivision, or government agency. (b) The word "materials...
Page 3742 - If accrued taxes when paid differ from the amounts claimed as credits by the taxpayer, or if any tax paid is refunded in whole or in part, the taxpayer shall notify the Commissioner, who shall redetermine the amount of the tax for the year or years affected...
Page 3518 - ... per centum or more of whose outstanding voting securities are directly or indirectly owned, controlled, or held with power to vote, by such...
Page 3751 - ... that proportion of the installment payments actually received in that year which the gross profit realized or to be realized when payment is completed, bears to the total contract price.
Page 3741 - States) ; (3) estate, inheritance, legacy, succession and gift taxes; and (4) taxes assessed against local benefits of a kind tending to increase the value of the property assessed...