SEC. 2. Section 191 of the National Internal Revenue Code is
hereby amended by adding thereto the following paragraph:
"The term "gross receipts" shall not include the portion of the
total contract price paid by a principal contractor to a sub-contractor
under a subcontract arrangement which portion shall form Part of the
taxable gross receipt of the latter."
Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. · Read the official text ↗ · Data as of July 4, 2026
CitationPD 929 Section 2 (LawPlayer, data as of July 4, 2026)
Source: Supreme Court E-Library, Republic of the Philippines. Philippine laws are public documents (works of the government).
