BIR Ruling

November 28, 1967 Carguz & Company, Inc. Rm. 306 Alliance Bldg. 410 Rosario St. Manila Attention: Mr . Jesus S . Carreon General Manager S i r : In reply to your letter dated October 25, 1967, I have the honor to inform you that you are engaged in two (2) distinct and separate lines of business, that of a customs broker and a hauling contractor. As customs broker, you are subject to the P150.00 fixed annual tax and to the 6% tax prescribed in Sections 182(A)(3)(s) and 195 of the Tax Code. As a hauling contractor, you are subject to the P20.00 fixed annual tax and the 2% tax pursuant to Sections 182(A)(1) and 192 of the same Code. cdt A customs broker is engaged in a line of business distinct and separate from that of hauling contractor. A privilege tax is due on each line of business and one line of business does not become exempt by being conducted with some other business for which such tax has been paid. (Section 178 Tax Code). aisadc Very truly yours, (SGD.) AMBROSIO M. LINA Acting Commissioner of Internal Revenue