BIR Ruling

July 16, 1969 The Manager Philippine Tobacco Flue-Curing and Redrying Corporation 352 A-Bonifacio, Balintawak Quezon City S i r : In reply to your letter dated July 11, 1969 requesting information as to whether or not the failure or delay in the remittance of the 3% tax withheld by the PVTA of ACA to the BIR will render you liable for any penalty or surcharge, I have the honor to inform you that the withholding of the 3% tax by said government agencies and/or instrumentalities in accordance with the provisions of Republic Act No. 1051 is equivalent to the payment of said tax. Consequently, the delay or failure of the withholding office to remit the taxes withheld to the Bureau of Internal Revenue will not render the taxpayer to any penalty or surcharge for such delay or failure on the part of the withholding office to remit said taxes. prcd Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue