BIR Ruling

April 13, 1973 Realty Investments Incorporated Rms. 304-309 Carolina Choy Bldg. 2276 Pasong Tamo Extension Makati, Rizal Attention: Mr . Ramon S . Aransaso Executive Vice-President Gentlemen : This refers to your letter dated January 8, 1973 requesting information whether your corporation could still pay its income tax in accordance with Revenue Regulations No. 3-62 which allows the payment of income tax in any municipality. In reply, I have the honor to inform you that Revenue Regulations No. 12-72, implementing Presidential Decree No. 30 on the filing of corporate quarterly returns, now requires that income tax shall be paid at the place where the corporation's principal office is located and where its books of accounts and other data from which the return is prepared are kept. The payment, therefore, of corporate income tax or a portion thereof in any other place or in cities or municipalities where a corporation has a branch office is no longer allowed. acd Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue