BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Nov 27, 1972
Full text
November 27, 1972 Lucas, Tolentino & Associates Suites 4-D, Doa Isabel Building 2240 Taft Avenue Pasay City Attention: Miss A . P . Tolentino Gentlemen : In reply to your letter dated November 24, 1972, I have the honor to inform you that income of your client from rental of trade mark registered in his name is not subject to any internal revenue tax on business. However, said income is subject to the income and residence taxes. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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