An Ordinance Amending Section 104 of Ordinance No. 8331, Entitled: "The Omnibus Tax Code of the City of Manila 2013"

December 18, 2014MANILA CITY ORDINANCE NO. 8378AN ORDINANCE AMENDING SECTION 104 OF ORDINANCE NO. 8331, ENTITLED: "THE OMNIBUS TAX CODE OF THE CITY OF MANILA 2013"PRINCIPAL AUTHORS: Hon. Raymundo R. Yupangco, Hon. Ernesto M. Dionisio, Jr. and Hon. Marlon M. Lacson, Majority Floor LeaderBe it ordained by the City Council of Manila, in session assembled, THAT: SECTION 1. Section 104 of the City Ordinance No. 8331,is hereby amended to read as follows:"SEC. 104. Tax on Retailers. — A percentage tax is hereby imposed on retailers in accordance with the following graduated schedules: Gross SalesAmount of Tax   Annually  Over P50,000.00 but less than P400,000.003%  Over P400,000.00 but less than P50,000,000.00P12,000 plus 80% of 1.0% of gross sales in excess of P400,000.00  Over P50,000,000.00 and aboveP408,800.00 plus 60% of 1% of gross sales in excess of P50,000,000.00"SECTION 2. Effectivity Clause. — This Ordinance shall take effect upon its approval.This Ordinance was finally enacted by the City Council of Manila on December 18, 2014. DaTICEPRESIDED BY:(SGD.) EDWARD V.P. MACEDAPresident Pro-Tempore andActing Presiding OfficerCity Council, ManilaATTESTED:(SGD.) LUCH R. GEMPIS,...