Republic Acts1 min read
Section 19National Internal Revenue Code of 1997 (Republic Act No. 8424), Sec. 19
Personal notes Saved on this device
0 / 5,000 charactersReport page issue
Answer First
Primary Text
Contents of Commissioner's Annual Report. - The annual Report of the Commissioner shall contain detailed statements of the collections of the Bureau with specifications of the sources of revenue by type of tax, by manner of payment, by revenue region and by industry group and its disbursements by classes of expenditures.
In case the actual collection exceeds or falls short of target as set in the annual national budget by fifteen percent (15%) or more, the Commissioner shall explain the reason for such excess or shortfall.
Use With Care
Definitions and exceptions often appear before or after this text.
Court decisions may interpret, limit, or apply this provision.
Confirm amendment, repeal, effectivity, and official publication.