Section 4
SEC. 4. The taxes provided in this Act shall be collected by the Collector of Internal Revenue under such rules and regulations as may be prescribed by the Secretary of Finance; and it shall be the duty of every person subject to the tax hereunder to make on the first day of July, nineteen hundred and forty, and on die first day of July of each year thereafter, a true and complete return of his total production or of the total rental or consideration received by him during the preceding twelve months, as well as the percentage of participation given to the planters milling their sugar cane in their mills or the assessed value of the sugar land given to others, and to pay the tax due thereon within thirty days from said date.