BIR Ruling

September 9, 1970 Deputy Governor Amado Brias Central Bank of the Philippines Manila S i r : This refers to your letter dated August 3, 1970 reiterating your request that the Central Bank be exempt from all taxes that may otherwise be collected from, or charged to, the Central Bank by the accommodating hotels as an incident of its charges for occupancy and the use of its facilities, services and other charges relative to the holding of the 8th SEANZA Central Banking Course to be hosted by the Central Bank. In reply, I have the honor to inform you that as correctly stated in our letter to you dated July 13, 1970 in answer to your letter of July 1, 1970, the Central Bank cannot claim exemption from the 3% tax to be levied on the hotel operator. Consequently, there being no legal basis to alter or modify our aforesaid ruling, your request has to be as it is hereby denied. cdta Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue