BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Mar 31, 1970
Full text
March 31, 1970 Mr. Benhamin E. Argente Proprietor-Manager Ligaya Press Tagig, Rizal S i r : This refers to your letter dated March 24, 1970 requesting exemption from the payment of percentage taxes on your receipts from the sale of "PILIPINO" magazine in accordance with Section 191(17) of the Tax Code, as amended by Republic Act No. 6110. In reply, I have the honor to inform you that upon examination of the contents thereof, the aforesaid magazine is found to contain educational articles and that said magazine is not devoted principally to the publication of advertisements. It also appears that the magazine is issued at regular intervals (monthly) with fixed price for subscription and sale. aisa dc In view of the foregoing, this Office believes as it hereby' holds that the publication of said magazine is exempt from the payment of the 3% tax prescribed by Section 191 of the Tax Code, as amended by Republic Act No. 6110. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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