BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jan 9, 1976
Full text
January 9, 1976 Swedish Steak & Chicken House, Inc. T. Morato St. cor. Scout Lozano St. Quezon City Attention: Mr . Manuel Dytoc Exec . Vice-Pres . & General Manager Gentlemen : This refers to your letter dated November 5, 1975 stating that you are now operating the Swedish Steak and Chicken House, Inc. in Quezon City; and that you intend to open a branch in Pasay City. acd Under the foregoing circumstances, you would like to be clarified on the following matters: "1. Do we have to keep a separate books of accounts for the Pasay City Branch? "2. Will one (1) general ledger a general journal be enough for both establishments. We intend to have the purchase of meat and chicken centralized in our Quezon City Office." In reply, I have the honor to inform you that considering that your branch office in Pasay City will be subject to the fixed and percentage taxes prescribed in Sections 182(a)(1) and 191-A, respectively, of the Tax Code, your Pasay City Branch is required to keep separate books of accounts such as a general ledger and journal and other subsidiary records duly registered with this Bureau. The Branch shall have a separate set of sales invoices to be issued to its customers. acd Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.