BIR Ruling

February 17, 1970 Nora Minerals & Mining Association Kiamba, South Cotabato Attention: Mrs . Nora N . Aniceto President & General Manager Gentlemen : This refers to your letter dated September 29, 1969 to the Director of Mines requesting information as to whether your mining claims may be registered with the Office of the Mining Recorder without the prepayment of the occupation fee. In reply, I have the honor to inform you that your mining claims may be registered even if you have not yet paid the occupation fee in question. The law requires that the annual occupation fee be paid by a locator, holder or occupant of any mining claim to the Commissioner of Internal Revenue upon the expiration of the period of two (2) years from the date of registration of the claim in the Office of the Mining Recorder and on the same date every year thereafter, until the lease covering the mining claim shall have been granted. The occupation fee on any mining claim is P2.00 per hectare, or fractional part thereof. (Sec. 241 of the Tax Code, as amended by Republic Act No. 6110). Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue