February 10, 1940
REVENUE REGULATIONS NO. 02-40
INCOME TAX REGULATIONS
SECTION 1. Scope. — In accordance with the provisions of Sections 4 (I) and 338 of Commonwealth Act No. 466, otherwise known as the National Internal Revenue Code, the following regulations affecting Sections 19 to 84 of the same Code relating to the income tax are hereby promulgated to supersede all circulars, precedents, rulings, and regulations heretofore published on the same subject, and they shall be known as Revenue Regulations No. 2, or the Income Tax Regulations:
(Only the section numbers of the Code are given below as their texts will be found in the same Code. They serve as captions of the pertinent provisions of the Regulations.)
(Section 20 of the Code)
SECTION 2. Application of title. — Section 20 provides that the provisions of Title II of the National Internal Revenue Code shall apply only to income received from January 1, 1939.
(Section 21 of the Code)
SECTION 3. Persons considered citizens of the Philippines. — The following shall be considered citizens of the Philippines:
(1) Those who were citizens of...
