BIR Ruling

December 21, 1972 Philippine Packing Corporation Kayamanan "C" Village Pasong Tamo Extension Makati, Rizal Attention: Mr . S . B . Turingan Legal Department Gentlemen : This refers to your letter dated December 12, 1972 concerning your compliance with the requirements of the law and regulation on the matter of affixing the required quantity of documentary and science stamps at the back of the stub of each stock certificate, without necessarily having to affix the said stamps worth P100,000.00, by simply noting the official receipt number to be issued by this Office covering payment of the aforesaid amount of documentary and science stamp taxes. In reply thereto, I have the honor to inform you that it appearing that your request is meritorious and that a similar request has been granted by this Office in its letter of December 18, 1970, this particular request is also granted subject to the same condition that the official receipts evidencing payment of the stamp taxes shall be attached to the stubs of the stock certificate on which the stamps in question were to have been affixed. Furthermore, it is understood that the foregoing shall not be considered as a precedent. cdtech Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue