REPUBLIC ACT No 4103
AN ACT TO AMEND SECTION ONE HUNDRED NINETY OF COMMONWEALTH ACT NUMBERED FOUR HUNDRED SIXTY-SIX, AS AMENDED, OTHERWISE KNOWN AS THE NATIONAL INTERNAL REVENUE CODE.
Section 1. Section one hundred and ninety of Commonwealth Act Numbered Four hundred and sixty-six, as amended, is further amended to read as follows:
"Sec. 190. Compensating tax. On the commodities goods, wares or merchandise purchased or received by persons residing or doing business in the Philippine, there shall be paid a compensating tax on the total value thereof, including freight, postage, insurance, commission and similar charges, equivalent to the percentage taxes imposed under this Title on original transactions effected by merchants, importers, or manufacturers, such tax to be paid before the withdrawal or removal of said commodities, goods, wares or merchandise from the customhouse or the post office, except as follows:
(a) Articles subject to specific taxes under Title IV of this Code and articles to be used by the importer himself in the manufacture or preparation of articles subject to specific...
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