Republic Act No. 1505 (RA 1505) — An Act to Amend Section Three of Republic Act Numbered Six Hundred, Entitled "An Act to Prescribe a Graduated Scale for the Income Tax on Corporations by Amending Sections Twenty-Four and Fifty-Four of Commonwealth Act Numbered Four Hundred and Sixty-Six, Otherwise Known as the National Internal Revenue Code, as Amended, and for Other Purposes," to Make the Rates Prescribed Therein Permanent.
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 three of Republic Act Numbered Six hundred, as amended by Republic Act Numbered Eight hundred and sixty-eight, Republic Act Numbered One thousand sixty-five, and Republic Act Numbered One thousand two hundred ninety-one, is further amended to read as follows: "SEC. 3. The provisions of this Act shall apply to income received from January first, nineteen hundred and fifty-one."
SEC. 2. This Act shall take effect upon its approval. Approved, June. 16, 1956.
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).