BIR Ruling

October 1, 1970 Globe Brokerage, Inc. Room 215-216 Yuchengco Building Rosario, Manila Attention: Mr . Demetrio D . David Executive Vice-President Gentlemen : Reference is made to your letter dated June 4, 1970 requesting information whether publishers of daily newspapers like the Manila Times, Manila Bulletin, The Daily Record etc. are subject to the payment of the 3% tax (C-4-32) as publishers and if not, what other taxes are they subject to. In reply thereto, I have the honor to inform you that said publishers of daily newspapers are not subject to the 3% tax imposed by Section 191(17) of the Tax Code, as amended, it appearing that they are engaged in the Publication or printing and publication of newspapers which appear at regular intervals, with fixed prices for subscription and sale and which are not devoted principally to the publication of advertisements. (BIR Ruling No. 394, s. 1961). Since they are not subject to the percentage tax, they are not also subject to the fixed or privilege tax imposed by Section 182(A)(1) of the same Code. (BIR Ruling No. 105.082 dated Sept. 3, 1952). Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue