BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • May 3, 1973
Full text
May 3, 1973 Mr. Artemio A. Pascual 3350 Third St., Sampaloc, Manila S i r : In reply to your letter dated December 18, 1972, I have the honor to inform you that the quarterly declarations or returns are not required to be audited (B.I.R. Ruling dated Jan. 23, 1973) and the requirements under Section 334 of the Tax Code regarding the submission of financial statements may be dispensed with in the quarterly declarations of income to be filed by corporations. (BIR Ruling dated Jan. 15, 1973) However, all corporations subject to income tax under Section 24 of the Tax Code are liable to file the quarterly declarations required by Supplement B, Title II of the Tax Code as amended by Presidential Decree No. 30, regardless of whether their operations result in net taxable income. aisa dc Very truly yours, (SGD.) CONRADO P. DIAZ Acting Commissioner of Internal Revenue
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