BIR Ruling

September 5, 1972 Mrs. Eugenia J. Apostol Kilusan ng Mga Mamimili ng Filipinas, Inc. 185 20B Taft Avenue, Manila M a d a m : This refers to your letter dated August 7, 1972 requesting a ruling as to whether or not your organization which publishes a bi-monthly newsletter is subject to the payment of the business tax. cdt In reply, I have the honor to inform you that, as represented your organization comes out with a bi-monthly publication called "Ang Mamimili" which is maintained and subsidized by the organization as a public service. Such being the case, and considering that the publication, is a news bulletin sent to subscribers at regular intervals and which is not principally devoted to the publication of advertisements, your organization is not subject to the payment of the 3% publisher's tax, provided in Section 191(17) of the Tax Code. As regards your request for exemption from income tax, you are requested to submit an affidavit showing the character of your organization, the purpose of which it was organized, its actual activities, the sources of its income and its disposition, whether or not any of its income is credited to surplus or inures to the benefit of any private shareholder or individual. To such affidavit, you are requested to attach a copy of the articles of incorporation and by-laws of the organization, and the latest financial statement showing their assets, liabilities, receipts, and disbursements of the organization. cdtech Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue