BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 9, 1973
Full text
October 9, 1973 The President & General Manager Wells & Pumps, Incorporated 31 Kentucky Street, San Francisco del Monte Quezon City S i r : In reply to your letter dated September 28, 1973, I have the honor to inform you that the contract agreement entered into by you with the Davao Metropolitan Waterworks System for the construction of three (3) wells in Davao City for the amount of P214,013.40 is not subject to the documentary and science stamp taxes. However, the acknowledgment thereof is subject to the 30-centavo stamp tax prescribed in Section 225 of the Tax Code and an equivalent amount as science stamp tax imposed under Section 4 of Republic Act No. 5448. cdtech Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."
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