BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Feb 2, 1972
Full text
February 2, 1972 Q. K. Calderon Construction Co., Inc. 78 Sto. Domingo Avenue, Sta. Mesa Heights Quezon City Gentlemen : With reference to your protest against our assessment in the sum of P151,317.16 as deficiency percentage tax for 1964, I have the honor to inform you that after a thorough consideration of the facts of this case and the law and jurisprudence applicable thereto, this Office has decided to withdraw and cancel the said assessment which has been found to be without legal basis, considering that the gross receipts derived from your contracts with the United States Military Base Construction projects is exempt from the payment of the 3% percentage tax pursuant to BIR Ruling No. 144, Series of 1959. In view thereof, this case is hereby considered closed. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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