BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 24, 1972
Full text
October 24, 1972 Mr. Jose Tongco 35 Trinidad, Magallanes Village Makati, Rizal S i r : This refers to your letter dated October 17, 1972 requesting information on the taxes that you are liable to pay for operating a radio communication for commercial purposes between Manila and Legaspi City and vice versa under a franchise granted to you by Congress. cdtech In reply thereto, I have the honor to inform that you are liable for the payment of the following taxes: 1. Franchise tax at the rate of 5%, if the law granting the franchise does not specify the rate thereof; 2. Income tax; 3. Residence taxes A and B; 4. Taxes on real estate, buildings and personal property; and 5. Privilege tax of P500.00 as a radio station for domestic telecommunications (reception and transmission of messages), pursuant to Section 182(A)(3)(gg) of the Tax Code. (BIR Ruling No. 72-006 dated March 8, 1972.) aisadc Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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