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NIRC

R.A. No. 8424 is an act that amends the National Internal Revenue Code and outlines various tax regulations. It includes provisions on income tax, estate and donor's taxes, value-added tax, excise tax, and compliance requirements. The act also establishes an oversight committee and includes provisions for penalties and repealing previous laws.

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Mico Maagma Carpio
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258 views1 page

NIRC

R.A. No. 8424 is an act that amends the National Internal Revenue Code and outlines various tax regulations. It includes provisions on income tax, estate and donor's taxes, value-added tax, excise tax, and compliance requirements. The act also establishes an oversight committee and includes provisions for penalties and repealing previous laws.

Uploaded by

Mico Maagma Carpio
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

R.A. No.

8424
AN ACT AMENDING THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED,
AND FOR OTHER PURPOSES

Title I – Organization and Function of the Bureau of Internal Revenue

Title II – Tax on Income

Chapter I – Definitions
Chapter II – General Principles
Chapter III – Tax on Individuals
Chapter IV – Tax on Corporations
Chapter V – Computation of Taxable Income
Chapter VI – Computation of Gross Income
Chapter VII – Allowable Deductions
Chapter VIII – Accounting Periods and Methods of Accounting
Chapter IX – Returns and Payment of Tax
Chapter X – Estates and Trusts
Chapter XI – Other Income Tax Requirements
Chapter XII – Quarterly Corporate Income Tax
Chapter XIII – Withholding on Wages

Title III – Estate and Donor’s Taxes

Chapter I – Estate Tax


Chapter II – Donor’s Tax

Title IV – Value Added Tax (VAT)

Title V – Other Percentage Taxes

Title VI – Excise Tax on Certain Goods

Title VII – Documentary Stamp Tax

Title VIII – Remedies

Title IX – Compliance Requirements

Title X – Statutory Offenses and Penalties

Title XI – Allotment of Internal Revenue

Title XII – Oversight Committee

Title XIII – Repealing Provisions

Title XIV – Final Provisions

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