BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Feb 22, 1972
Full text
February 22, 1972 Atty. A. Pison, Jr. P. O. Box 127, Manila S i r : This refers to your letter dated January 28, 1972, requesting information as to whether or not as Secretary of various corporations you are required to file the weekly information return under Revenue Regulations No. 2-70 despite the fact that there are no transactions concerning the stocks of the corporations concerned. In reply, I have the honor to inform you that Revenue Regulations No. 2-70, particularly Section 9 thereof, requires the Secretary of a corporation to file a true and complete return with this Office every Monday of each week indicating the summary sales transactions and taxes collected involving stocks of the corporation concerned. Where there are no transactions affecting the corporation's stocks, there is, therefore, no need of filing the aforesaid return by the Secretary concerned. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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