BIR Ruling [DA-061-96]
BIR Ruling [DA-061-96] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Feb 2, 1996
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February 2, 1996 BIR RULING [DA-061-96] PAC/BBDO Dominion Building 833 Paseo de Roxas, Makati City Metro Manila Attention: Ms . Rory O . Martija Accounting Manager Gentlemen : This refers to your letter dated August 16, 1995, in effect requesting for a ruling as to what basis the creditable expanded withholding tax shall be computed. In reply, please be informed that as an advertising agency, you are subject to the 1% creditable expanded withholding tax prescribed under Section 1 (e)(2)(h) of Revenue Regulations No. 6-85, as amended by Revenue Regulations No. 12-94, which shall be computed based on the gross payment less the value-added tax. (VAT Ruling No. 175-88 dated May 20, 1988). Very truly yours, ALICIA P. CLEMENO Assistant Commissioner (Legal Service) By: ALICIA L. TOMACRUZ Head Revenue Executive Assistant (Legal Service)
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