BIR Ruling

August 17, 1966 2nd Indorsement Respectfully returned to the Honorable, the Secretary of Finance, thru the Honorable, the Secretary of Public Works and Communications, Manila, the within basic letter of Filipinas Cement Corporation, offering to widen, improve and pave with concrete the existing Pasig-Antiplo-Teresa highway in the Province of Rizal, and the Government shall pay said corporation for the cost of such work with its income tax payment, with the following comment. Income tax collections are allotted by law to the Municipal, Provincial and National Governments. The share of the National Government in income tax collections form part of the general fund which cannot be disposed of, except by virtue of an appropriation measure enacted by Congress. Such being the case, while the offer of Filipinas Cement Corporation is indeed laudable, the same could not be accepted for lack of legal basis. LLphil (SGD.) MISAEL P. VERA Commissioner of Internal Revenue