Republic Acts1 min read
Section 8Sec./Art. 8
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Section 265 of the National Internal Revenue Code of 1997, as amended, is hereby further amended to read as follows:
"SEC. 265.Offenses Relating to Stamps.Any person who commits any of the acts enumerated hereunder shall, upon conviction thereof, be punished by a fine of not less than Ten million pesos (P10,000,000-00) but not more than Five hundred million pesos (P500,.000,000.00) and imprisonment of not less than five (5) years but not more than eight (8) years:
"(a)
"(b)xxx
"(c)xxx
"(d) xxx
"(e) xxx
"Provided,That the cumulative possession of false/counterfeit/recycled tax stamps in excess of the amount of Fifty million pesos (P50,000,000,00) shall be punishable by a fine of Five hundred million pesos (P500,000,000-00) or up to ten (10) times the value of the illegal stamps seized, whichever is higher, and imprisonment of not less than ten (10) years but not more than fifteen (15) years."
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