BIR Ruling

May 28, 1976 Planters Products Inc. Planters Products Building Esteban St., Legaspi Village Makati, Rizal Attention: Mr . C . A . Patio, Jr . Tax & Insurance Supervisor Gentlemen : This refers to your letter dated April 19, 1976 requesting authority to adhere documentary stamps to your Stock Certificate Register instead of to the stubs or duplicate copies of stock certificates, in order to expeditiously and efficiently issue the shares of stocks to approximately two million fertilizer end-users pursuant to Letter of Instructions No. 178; and that approximately 100,000 certificates of stock are being issued a month. aisa dc In reply thereto, I have the honor to inform you that your request being meritorious, is hereby granted, pursuant to Section 203 of Revenue Regulations No. 26, as amended by Revenue Regulations No. 3-75 dated May 27, 1975. Accordingly, instead of affixing the documentary stamp to stubs or duplicate copies of stock certificate, you may adhere the stamps to your Stock Certificate Register, and that a note properly initialed by a responsible person on the face of such documents (certificates of stock) shall be made as follows: "Documentary stamps to the value of P ____ have been affixed to the Stock Certificate Register." cdt Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."