BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Mar 12, 1975
Full text
March 12, 1975 Juan S. Alano Memorial Hospital, Inc. Rizal Avenue, Isabela Basilan City Attention: Mrs . Dolores A . Laconico President Gentlemen : This refers to your letter dated December 3, 1974, requesting that you be allowed to file separate income tax returns for your hospital and your school of Midwifery. In reply, I have the honor to inform you that since your hospital is a charitable institution (Juan S. Alano Memorial Hospital, Inc. vs. Antolin Tan Sanchez, et. al., CTA Case No. 2174, November 29, 1971), it is exempt from income tax and also from the filing of an income tax return (Sec. 27(e), Tax Code). However, it should file an information return, as required by Section 24 of the Income Tax Regulations. aisa dc As regards your School of Midwifery which is subject to 10% income tax on its net taxable income, pursuant to Presidential Decree No. 305, it is subject to the filing of quarterly declarations of its net taxable income, in accordance with Supplement B of Title II of the Tax Code. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN 1601-593-5
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