BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Dec 22, 1972
Full text
December 22, 1972 Mr. Armando S. Sevilla Republic Development and Housing Corporation Republic Bank Bldg., 277 Escolta Manila S i r : This refers to your letter dated December 7, 1972 requesting information on a query stated as follows: aisadc "Since we believe that we did not sustain any losses from the floods during the months of July, August and September 1972, hence, may not avail of Sec. 5 (b), may we seek your clarification on whether we could declare the return and pay the corresponding tax due for the first quarter only and then declare separate returns and make payments for the succeeding quarters provided we file the returns on or before the prescribed date of payments for the second and third quarter?" In reply thereto, I regret to inform you that you are not allowed to deviate from the requirements of Section 5(b) of Revenue Regulations No. 12-72 dated December 1, 1972 as regards the filing of quarterly returns and payment of corporate income tax for reasons of efficiency and uniformity. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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