BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 2, 1973
Full text
October 2, 1973 Mr. Antonio H. Tayag Manager, Makati Commercial Center P. O. Box No. 925 Makati, Rizal S i r : With reference to your letter dated September 27, 1973, I have the honor to inform you that your failure to file with this Office a notice of the disposition of capital assets as provided by Revenue Regulations No. 7-72, as amended by Revenue Regulations No. 7A-72, will not disqualify you from availing of the exemption provided by Presidential Decree No. 16, as amended by Presidential Decree No. 16-A, provided that the proceeds from the disposition are invested within six (6) months from receipt thereof and that notice of the investment is filed with this Office within 30 days from the date the investment was made. For purposes of record, you should nevertheless file now a notice of the disposition of your capital asset containing the information prescribed by the regulations. cdtech Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.