BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 15, 1971
Full text
September 15, 1971 3rd Indorsement Respectfully returned to the Honorable, the Secretary of Finance, Manila, the within Resolution No. 127, Series of 1970, of the Municipal Council of General Nakar, Quezon, requesting that 25% of the forest charges collected by the Bureau of Internal Revenue in said municipality be allocated thereto. It is believed that the above request cannot be granted for lack of legal basis. Pursuant to Section 8(c), Commonwealth Act No. 586, of the forest charges collected by the Bureau of Internal Revenue which accrue to the National Treasury, only 2% thereof shall be allocated to municipalities to be divided equally between their general and permanent improvement funds. And as provided under Section 367 of the Tax Code, apportionment of the aforesaid share of the municipalities shall be based on population as shown by the latest official census. cdta MISAEL P. VERA Commissioner of Internal Revenue
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