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[Act No. 3243, (1925-11-27)](https://lawyerly.ph/laws/view/l4a52)
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[ Act No. 3243, November 27, 1925 ]

AN ACT TO ESTABLISH A PERCENTAGE TAX ON THE BUSINESS OF THE MERCHANTS, MANUFACTURERS, AND COMMISSION MERCHANTS, AND FOR OTHER PURPOSES

Be it enacted by the Senate and House of Representatives of the Philippines m Legislature assembled and by the authority of the same:

SECTION 1. All merchants, manufacturers, and commission merchants not otherwise specifically  exempted according to the  provisions of the present Internal Revenue Law shall, in addition to similar taxes heretofore imposed, pay an additional tax of one-half of one per centum on the gross value in  money of the commodities, goods, wares, and  merchandise sold, bartered, exchanged, or consigned abroad  by them, such tax to be  based on the actual selling price  or value of  the things in question at the time they are disposed of or consigned, whether consisting  of raw material  or of manufactured  or  partially  manufactured  products,  and whether of domestic or foreign origin.  The tax upon things consigned abroad shall be refunded upon  satisfactory proof of the  return thereof to the Philippine Islands unsold.

SEC. 2.  All administrative, special, general, and penal provisions of law, including the laws in relation to the assessment, remission,  collection, and refund of  internal-revenue  taxes  applicable to business subject to the merchant's sales tax are  hereby extended and made applicable to all the provisions of this Act.

SEC. 3. Ten per centum of the tax collected under this Act shall be distributed among the provinces and municipalities in accordance with the provisions of section four hundred and ninety-six of the Administrative Code, five per centum accruing to the provinces, and the other five to the municipalities.

SEC. 4. This Act shall take effect on January first, nineteen hundred and twenty-six.

Approved, November 27,  1925.

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