Section 3
SEC. 3. Subsection (b) of section thirteen of Act Numbered Twenty-eight hundred and thirty-three is hereby amended so as to read as follows: "SEC. 13. (b) Every corporation, joint-stock company, partnership, joint-account (citenta en participation), association, or insurance company, subject to the tax herein imposed, shall, on or before the first day of March, nineteen hundred and twenty, and the first day of March in each year thereafter, or if it has designated a fiscal year, then within sixty days after the close of such fiscal year thereafter, render a true and accurate return of its annual net income in the manner and form to be prescribed by the Collector of Internal Revenue with the approval of the Secretary of Finance, and containing such facts, data, and information as are appropriate and in the opinion of the Collector necessary to determine the correctness of the net income return and to carry out the provisions of this Law: Provided, That the Collector of Internal Revenue shall have authority to grant a reasonable extension of time, in meritorious cases, for filing returns of income. The return shall be sworn to by the president, vice-president, or other principal officer, and by the treasurer or assistant treasurer. The return shall be made to the Collector or to the treasurer of the province, city, or municipality in which is located the principal office of the corporation, joint-stock company, partnership, joint-account (cuenta en participation) or association, where its books of account and other data from which the return is prepared are kept, or in the case of a foreign corporation, joint-stock company, partnership, joint-account (cuenta en participation), or association, to the Collector or to the treasurer of the province, city, or municipality in which is located its principal place of business in the Philippine Islands, or if it has no office of any kind or agency in the Philippine Islands, then to the Collector of Internal Revenue. All such returns shall as received be transmitted forthwith by the officer receiving them to the Collector of Internal Revenue."