BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 26, 1976
Full text
October 26, 1976 Philippine National Oil Company Petrophil Bldg., 7901 Makati Ave. Makati, Rizal Attention: Mr . Gabriel A . Magno Legal Counsel Gentlemen : In reply to your letter dated August 25, 1976, I have the honor to inform you that "A 1" Prime Security Services, Inc., a security agency, is exempt from the payment of the 3% contractor's tax imposed by Section 191 of the Tax Code, pursuant to Republic Act No. 5487, which provides that a private detective and watchmen agency pay a fixed internal revenue tax of P100.00 per annum in lieu of percentage taxes. (BIR Ruling No. 73-026, Sept. 24, 1973). Accordingly, the receipts derived by the said Security are not subject to the withholding provisions of Republic Act No. 1051. cdi Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3
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