Section 2
SEC. 2. Section 7 of the National Internal Revenue Code is hereby amended to read as follows: “SEC. 7. Power of the Commissioner to obtain information, examine, summon and take testimony. – For the purpose of ascertaining the correctness of any return, making a return where none has been made, determining the liability of any person or any internal revenue tax, or collecting any such liability, the Commissioner is authorized: “[1] To examine any book, paper, record or other data which may be relevant or material to such inquiry; “[2] To obtain information from any office or officer of the national and local governments, government agencies or its instrumentalities, including the Central Bank of the Philippines and government-owned or controlled corporations; “[3] To summon the person liable for tax or required to file a return, or any officer or employee of such person, or any person having possession, custody, or care of the books of accounts and other accounting records containing entries relating to the business of the person liable for tax, or any other person, to appear before the Commissioner or his duly authorized representative at a time and place specified in the summons and to produce such books, papers, records, or other data, and to give testimony; “[4] To take such testimony of the person concerned, under oath, as may be relevant or material to such inquiry; and “[5] To cause revenue officers and employees to make a canvass from time to time of any revenue district or region and inquire after and concerning all persons therein who may be liable to pay any internal revenue tax, and all persons owning or having the care, management or possession of any object with respect to which a tax is imposed.”