BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 4, 1973
Full text
April 4, 1973 Attention: Mr . Jose D . Gelano Executive Secretary Gentlemen : This refers to your letter dated March 13, 1973 requesting information whether you may turn over the sums collected by you as stock transaction tax to this Office once a week. In reply, I have the honor to inform you that your request cannot be granted. Section 8 of Revenue Regulations No. 2-70, specifies the period within which collections of the stock transaction tax should be remitted to this Office and this in within three banking days from the date of collection thereof. This Office has no authority to provide for a longer period of remittance. cdta Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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