Article 135p. 135

NATIONAL INTERNAL REVENUE CODE TAXATION, TARIFF and CUSTOMS LAWS

SECTION 1612. Tariff Nomenclature and Rates of

Export Duty. — The provisions of Section 514 on Export

Products

Subject

to Duty and Rates of Presidential

Decree No. 1464 , otherwise known as the Tariff and

Customs Code of 1978 , as amended, specifically providing

for the export products subject to duty and rates, shall

still apply and shall supplement this Act.

TITLE XVII Congressional Oversight Committee

SECTION 1700. Congressional Oversight Committee.

—

The

Congressional

Customs

and

Tariff

Oversight

Committee,

herein referred to as the Committee, is

hereby constituted in accordance with the provisions of

this Act. The Committee shall be composed of the

Chairpersons of the Committee on Ways and Means of

the Senate and House of Representatives and four (4)

additional members from each House, to be designated

by the Senate President and the Speaker of the House of

Representatives,

respectively.

The

Committee

shall,

among others, in aid of legislation:

(a) Monitor and ensure the proper implementation of

this Act;

(b) Review the collection performance of the Bureau;

and

(c) Review the implementation of the programs of the

Bureau.

In furtherance of the hereinabove cited objectives,

the Committee shall require the Bureau to submit all

pertinent information which includes:

(1) Industry audits;

(2) Collection performance data; and

(3) Status report on administrative, civil and criminal

actions initiated against persons.

TITLE XVIII Final Provisions

SECTION

1800.

Implementing

Rules

and

Regulations. — The Secretary of Finance shall, upon the

recommendation of the Commissioner, promulgate the

necessary

rules

and

regulations

for

the

effective

implementation of this Act.

SECTION 1801. Transitory Provisions. — All suits,

proceedings, or prosecutions whether civil or criminal, for

causes arising or acts done or committed prior to the

effectivity

of

this

Act,

shall

be

commenced

and

prosecuted within the same time in the same manner

and with the same effect as if this Act had not been

enacted and all rights acquired, offenses committed, and

penalties or forfeitures or liabilities waived prior to the

said effectivity shall not be affected thereby.

SECTION 1802. Saving Clause. — All other laws, acts,

executive orders, and Customs Administrative Orders

(CAOs), Customs Memorandum Orders (CMOs), orders,

memoranda, circulars, rules and regulations issued by the

Bureau, under the provisions of Presidential Decree No.

1464 , otherwise known as the Tariff and Customs Code of

the Philippines of 1978 , as amended, not inconsistent with

the provisions of this Act, shall remain valid unless the

same will be repealed or amended accordingly, pursuant

to the provisions of this Act.

SECTION 1803. Repealing Clause. — Presidential

Decree No. 1464 , otherwise known as the Tariff and

Customs Code of the Philippines of 1978 , as amended,

and Presidential Decree No. 1853 which require any

applicant for letter of credit covering imports to deposit

the full amount of duties due on the importation, are

hereby

expressly

repealed.

All

other

laws,

acts,

presidential

decrees,

executive

orders,

rules

and

regulations

or

parts

thereof

inconsistent

with

the

provisions of this Act are hereby expressly repealed,

amended or modified accordingly.

SECTION

1804.

Separability

Clause.

—

If

any

provision

of

this

Act

is

declared

invalid

or

unconstitutional, the remaining provisions or parts shall

remain in full force and effect.

SECTION 1805. Effectivity . — This Act shall take effect

fifteen (15) days after its publication in the Official Gazette

or in a newspaper of general circulation.

Approved: May 30, 2016.

(Customs Modernization and Tariff Act, Republic Act

No. 10863, [May 30, 2016])

PD No 464 | Real Property Tax Code

As amended by PD No 939, 1002, 1230, 1383, 1446, 1621,

1812, 1913

PRESIDENTIAL DECREE No. 464 June 1, 1974

ENACTING A REAL PROPERTY TAX CODE

WHEREAS, this country cannot progress steadily if its

local governments are not potent political subdivisions

contributing

their

proportionate

shares

to

national

progress;

WHEREAS, the past decade saw the passage of the Local

Autonomy Act, the Barrio Charter, the Decentralization

Act and other pieces of legislation intended to make local

governments financially self-reliant and stable;

WHEREAS, it is very apparent that in spite of all these

laws, local governments still find difficulty in providing

adequate funds with which to underwrite basic and

essential public services within their respective areas of

responsibility;

WHEREAS, studies show that one of the main reasons

behind this is the failure of local governments to fully tap

the income potentialities of the real property tax;

WHEREAS, to remedy the situation, there is an urgent

and compelling need to upgrade assessment services by

updating

assessment

techniques,

procedures

and

practices and thereby bring about equitable distribution

of the realty tax burden among real property owners

throughout the country;

NOW, THEREFORE, I, FERDINAND E. MARCOS, President

of the Philippines, by virtue of the powers vested in me by

the

Constitution

do

hereby

adopt,

promulgate

and

decree, as it hereby adopted, promulgated and decreed,

as part of the law of the land, this decree entitled "The

Real Property Tax Code", the context of which follows:

CHAPTER I GENERAL PROVISIONS

Section 1. Scope. This Code shall govern the appraisal and

assessment of real property for purposes of taxation by

provinces, cities and municipalities, as well as the levy,

collection and administration of real property tax.

Section 2. Fundamental Principles. The appraisal and

assessment of real property for taxation purposes shall be

guided by the following fundamental principles:

1) Real property shall be appraised at its current and fair

market value;

2) The appraisal of real property shall be uniform in each

local political subdivision;

3)

Real

property

shall

be

classified

for

assessment

purposes on the basis of its actual use;

4) Real property shall be assessed on the basis of a

uniform standard of value within each local political

subdivision;

5) In no case shall the appraisal and assessment of real

property for taxation purposes and the collection of the

real property tax be let to any private person; and

6) The goal of property assessment shall be the equitable

distribution of the tax burden.

Section 3. Definition of Terms. When used in this Code

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