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RA 2025 Section 2

RA 2025 Section 2

Section 2

SEC. 2. Section one hundred eighty-one of the same Code which was repealed by Republic Act Numbered Sixteen hundred twelve, is reenacted to read as follows: "SEC. 181. Reckoning of tax for business first begun or abandoned during year.—When an occupation or business subject to a fixed tax is newly begun during any year, the tax shall be reckoned from the commencement of the current semester; and when either is at any time abandoned, the tax shall not be exacted for a longer period than to the end of the semester: Provided, That any person who elected to pay the tax in full for the year shall not be entitled to a refund of the tax corresponding to the unused period for which the tax had been paid."

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Other provisions in RA 2025

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

CitationRA 2025 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).

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