Section 2
SEC. 2. Section twenty-two (b) of Commonwealth Act Numbered Four hundred and sixty-six is hereby amended to read as follows: "SEC. 22 (b). Nonresident alien not engaged in trade or business within the Philippines or not having an office or place of business therein.—There shall be levied, assessed, collected and paid for each taxable year upon the entire net income received from all sources within the Philippines by every nonresident alien, individual not engaged In trade or business within the Philippines or not having an office or place of business therein a tax equal to twelve per centum thereof; Provided, That if the total net income of such nonresident alien individual from all sources within the Philippines exceeds sixteen thousand five hundred Pesos, the rates established in section twenty-one shall apply: And provided, further, That in case such nonresident alien individual files with the Collector of Internal revenue a true and accurate return of his income from all sources within the Philippines on or before the date fixed under this Title for the filing of returns, he shall be entitled to have the tax thereon computed at the rates provided for in section twenty-one, regardless of the amount of income declared in such return."