BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Mar 23, 1973
Full text
March 23, 1973 The Philippine Daily Express Publishing Corporation 371 Bonifacio Drive, Port Area Manila Attention: Mr . Richard G . de Leon Finance Director Gentlemen : This refers to your letter dated March 8, 1973, requesting that your sales of your newspapers, the Philippine Daily Express, Filipino Express and Evening Express and your magazines, Sports Express and Express Week to all government offices, bureaus, agencies and instrumentalities be exempted from the withholding tax provision of Republic Act No. 1051. In reply, I have the honor to inform you that it appearing that the aforesaid newspapers and magazines published by you appear at regular intervals with fixed prices for subscription and sale and are not devoted principally to the publication of advertisements, they are exempt from the 3% tax pursuant to Section 191(13) of the Tax Code. Accordingly, your sale of the aforesaid newspapers and magazines to all government offices, bureaus, agencies and instrumentalities is not subject to the withholding tax provisions of Republic Act No. 1051, as implemented by Revenue Regulations No. 21-67. acd Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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