Commonwealth Act No. 525 (CA 525) — AN ACT TO REPEAL SUBSECTION (b) OF SECTION ONE HUND8ED AND EIGHTY-FOUR AND TO AMEND SUBSECTION (a) OF SECTION ONE HUNDRED-AND EIGHTY-FIVE OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED AND SIXTY-SIX.

Commonwealth Act No. 525 · Commonwealth Act · Approved May 10, 1940 · 3 sections

Data as of July 4, 2026 · Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗

Section 1

SECTION 1. Subsection (b) of section one hundred and eighty-four of Commonwealth Act numbered Four hundred and sixty-six is repealed.

Section 2

SEC 2. Subsection (a) of section one hundred and eighty-five of the same Act is amended to read as follows: "(a) Automobile chassis and bodies, the selling price of which does not exceed two thousand five hundred pesos each: Provided, That,if the selling price of an automobile exceeds two thousand five hundred pesos, the excess amount shall also be taxed in accordance with the provisions of section one hundred and eighty-four hereof. A sale of automobile shall, for the purposes of this section, be considered to be a sale of the chassis and of the body together with parts and accessories with which the same are usually equipped."

Section 3

SEC. 3. This Act shall take effect upon its approval. Approved, May 10, 1940.

Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).

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