BIR Ruling

November 8, 1966 Hon. Frisco San Juan Congressman, 2nd Dist., Rizal House of Representatives Manila S i r : This refers to your Memorandum to His Excellency, President Ferdinand E. Marcos dated October 10, 1966 relative to the offer of the Filipinas Cement Corporation to widen, improve and pave with concrete the existing Pasig Antipolo-Teresa highway in the Province of Rizal, and the Government shall pay said corporation for the cost of such work with its income tax payment. cdtech In our 2nd Indorsement dated August 17, 1966 returning to the Honorable, the Secretary of Finance, thru the Honorable, the Secretary of Public Works and Communications, Manila, the basic letter of Filipinas Cement Corporation, containing the foregoing offer, this Office commented viz: "Income tax collection are allotted by law to the Municipal, Provincial and National Governments. The share of the National Government in income tax collections form part of the general fund which cannot be disposed of, except by virtue of an appropriation measure enacted by Congress. Such being the case, while the offer of Filipinas Cement Corporation is indeed laudable, the same could not be accepted for lack of legal basis." Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue