Section 14Sec./Art. 14

The first paragraph of Section 254 of the same Code, as amended, is hereby further amended to read as follows:

"Section 254.Failure to file return, supply correct and accurate information, pay tax, withhold and remit tax and refund excess taxes withheld on compensation.- Any person required under this Code or by regulations promulgated thereunder to pay any tax, make a return, keep any record, or supply correct and accurate information, who willfully fails to pay such tax, make such return, keep such record, or supply such correct and accurate information, or withheld or remit taxes withheld, or refund excess taxes withheld on compensation, at the time or times required by law or regulations shall, in addition to other penalties provided by law, upon conviction thereof be fined of not less than Ten thousand pesos (P 10,000) and imprisonment of not less than one (1) year but not more than ten (10) years."