BIR Ruling

April 17, 1968 Mr. P. T. Brondial UMG Administrative Division 935 United Nations Avenue Manila S i r : This refers to your letter dated February 28, 1968 requesting clarification on the interpretation and implementation of Section 203 of the Tax Code. In reply, I have the honor to inform you as follows: Registration with the Bureau of Commerce of persons engaged in trade or business does not constitute compliance with internal revenue laws. Under Section 203 of the Tax Code, registration must be made with the Revenue District Officer or with the collection agent in municipalities where there is no Revenue District Officer. Before the amendment of Section 203 by Republic Act No. 1612, which took effect on August 24, 1956, there was no definite period of time within which registration was to be made. After the amendment, registration should be made on or before the commencement of the taxable business or occupation, that is, within 10 days after securing a privilege tax receipt. (BIR G.C. No. V 227, September 7, 1956). Persons engaged in business or occupation in Manila should register with the Stamping and Registration Section, Office of the Regional Director, either North or South Manila, depending on the place where such business or occupation is carried. Non-compliance with the requirements of Section 203 of the Tax Code will render the business liable to the fines and penalties imposed by Section 352 of the Tax Code. lexlib Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue