BIR Ruling

October 19, 1971 Philippine Packing Corporation Kayamanan "C" Village No. 2263 Pasong Tamo Extension Makati, Rizal Attention: Mr . S . B . Turingan Personnel and Travel Department Gentlemen : This refers to your letter dated September 16, 1971 requesting information as to the feasibility of again allowing you to comply with the requirements of the law and regulation on the matter of affixing the required amount of documentary and science stamp taxes at the back of the stub of the stock certificate, without necessarily having to affix the total of 2,000 stamps at P100.00 denomination on a stock certificate the value of which would at least require P100,000.00 worth of documentary stamp and on equal amount of science stamps, by simply noting the office receipt number to be issued by this Office covering payment of the aforesaid amount of documentary and science stamp tax. aisa dc In reply thereto, I have the honor to inform you that your request is hereby granted it appearing that a similar request has been previously granted in our letter to you dated December 18, 1970. This is subject to the same condition that the receipts shall be attached to the stubs of the stock certificate on which the stamps in question were to have been affixed. The foregoing, shall not, however, be considered as a precedent, it being understood that similar cases shall be considered in the light of the circumstances prevailing in each case. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue