BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Mar 14, 1974
Full text
March 14, 1974 Caltex (Philippines) Inc. P. O. Box 783 Manila Attention: Mr . F . R . Ortega Gentlemen : In reply to your letter dated March 5, 1974, I have the honor to inform you that the dividend income of your company's provident (retirement trust) Fund is not subject to tax pursuant to R. A. No. 4917, and, therefore, the 8.75% tax prescribed by Section 24(d) of the Tax Code, as amended by Presidential Decree No. 369, need not be withheld by the payor corporation from the dividends payable to the trust fund. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5
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