REPUBLIC ACT NO. 10026 - TAX EXEMPTION TO LOCAL WATER DISTRICTS
Category: Income Taxation
REPUBLIC ACT NO. 10026 - TAX EXEMPTION TO LOCAL WATER DISTRICTS
>Local water districts are now exempt from income taxes under Section 27 provided that the amount saved by virtue of the exemption is to be used for capital equipment expenditure to expand water services coverage
>All unpaid taxes starting August 13, 1996 are condoned provided
(1) the BIR establishes financial incapacity of the LOCAL WATER DISTRICT and
(2) the LOCAL WATER DISTRICT submits to Congress a program of internal reforms.
Newer Philippine Law Resources:
- CIR VS PROCTER AND GAMBLE PHILIPPINE MANUFACTURING CORPORATION (204 SCRA 377) -
- BANK OF AMERICA NT & SA VS. CA- Remittance Tax -
- MARUBENI CORPORATION V. COMMISSIONER OF INTERNAL REVENUE- Income Tax -
- N.V REEDERIJ “AMSTERDAM” AND ROYAL INTEROCEAN LINES VS. COMMISSIONER OF INTERNAL REVENUE -
- RA 9504- Minimum Wage, Personal Exemptions, Additional Exemptions, Optional Standard Deduction -
Additional Law Reading:
- REPUBLIC ACT NO. 9994 - ADDITIONAL BENEFITS TO SENIOR CITIZENS (TAX BENEFITS) -
- REPUBLIC ACT 9856 - REAL ESTATE INVESTMENT TRUST (TAX INCENTIVES) -
- CIR vs. MIRANT OPERATIONS- Tax Credit and Tax Refund -
- SUPREME TRANSLINER, INC. VS. BPI FAMILY SAVINGS BANK, INC.- Capital Gains Tax -
- CIR vs. PHILIPPINE AIRLINES, INC. - Minimum Corporate Income Tax -
Popular in BATASnatin:
- Classification of Taxpayers - - 8605 Hits
- RA 9504- Minimum Wage, Personal Exemptions, Additional Exemptions, Optional Standard Deduction - - 303 Hits
- CIR vs. PHILIPPINE AIRLINES, INC. - Minimum Corporate Income Tax - - 298 Hits
- CIR V. WANDER PHILIPPINES INC.-Dividends, Withholding Tax - - 250 Hits
- DUMAGUETE CATHEDRAL CREDIT COOPERATIVE vs. CIR - Withholding Tax - - 235 Hits
REPUBLIC ACT NO. 10026 - TAX EXEMPTION TO LOCAL WATER DISTRICTS
Category: Income Taxation
REPUBLIC ACT NO. 10026 - TAX EXEMPTION TO LOCAL WATER DISTRICTS
>Local water districts are now exempt from income taxes under Section 27 provided that the amount saved by virtue of the exemption is to be used for capital equipment expenditure to expand water services coverage
>All unpaid taxes starting August 13, 1996 are condoned provided
(1) the BIR establishes financial incapacity of the LOCAL WATER DISTRICT and
(2) the LOCAL WATER DISTRICT submits to Congress a program of internal reforms.
Newer Philippine Law Resources:
- CIR VS PROCTER AND GAMBLE PHILIPPINE MANUFACTURING CORPORATION (204 SCRA 377) -
- BANK OF AMERICA NT & SA VS. CA- Remittance Tax -
- MARUBENI CORPORATION V. COMMISSIONER OF INTERNAL REVENUE- Income Tax -
- N.V REEDERIJ “AMSTERDAM” AND ROYAL INTEROCEAN LINES VS. COMMISSIONER OF INTERNAL REVENUE -
- RA 9504- Minimum Wage, Personal Exemptions, Additional Exemptions, Optional Standard Deduction -
Additional Law Reading:
- REPUBLIC ACT NO. 9994 - ADDITIONAL BENEFITS TO SENIOR CITIZENS (TAX BENEFITS) -
- REPUBLIC ACT 9856 - REAL ESTATE INVESTMENT TRUST (TAX INCENTIVES) -
- CIR vs. MIRANT OPERATIONS- Tax Credit and Tax Refund -
- SUPREME TRANSLINER, INC. VS. BPI FAMILY SAVINGS BANK, INC.- Capital Gains Tax -
- CIR vs. PHILIPPINE AIRLINES, INC. - Minimum Corporate Income Tax -
Popular in BATASnatin:
- Classification of Taxpayers - - 8605 Hits
- RA 9504- Minimum Wage, Personal Exemptions, Additional Exemptions, Optional Standard Deduction - - 303 Hits
- CIR vs. PHILIPPINE AIRLINES, INC. - Minimum Corporate Income Tax - - 298 Hits
- CIR V. WANDER PHILIPPINES INC.-Dividends, Withholding Tax - - 250 Hits
- DUMAGUETE CATHEDRAL CREDIT COOPERATIVE vs. CIR - Withholding Tax - - 235 Hits
BATASnatin The Firm
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