BIR Ruling

May 19, 1969 Mr. Hadji Jainudin Nuo Administrative Assistant Mindeva Refrigeration Industries, Inc. Rio Hondo, Zamboanga City S i r : This refers to your 1st Indorsement dated February 20, 1969 to the Regional Director, BIR, Regional District No. 20, Zamboanga City, requesting opinion on whether or not the Mindeva Refrigeration Industries, Inc., a government corporation is covered by the Residence Tax Law and Circular No. V-73 which was referred to this Office for appropriate action. In reply, I have the honor to inform you that under Section 2, Commonwealth Act 465 in connection with General Circular No. V-73, every corporation no matter how created or organized, whether domestic or foreign, engaged in or doing business in the Philippines is liable to the basic and additional Residence taxes. In accordance with the afore-cited law, the Mindeva Refrigeration Industries, Inc., being engaged in business is covered by the Residence Tax Law and General Circular No. V-73. Hence, it is subject to the basic and additional Residence taxes. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue