BIR Ruling [DA-104-96]

January 30, 1996 BIR RULING [DA-104-96] Office of the President Malacaang, Manila Attention: Atty . Frumencio A . Lagustan Assistant Executive Secretary Gentlemen : In reply to your letter dated December 11, 1995, we are transmitting herewith a Metrix of BIR's position of the following bills: 1.) HB No. 3249 entitled: "AN ACT REQUIRING BANKS TO SECURE BIR CERTIFICATION OF THE AUTHENTICITY OF DOCUMENTS REQUIRED FOR LOAN APPROVAL", 2.) SB No. 968 entitled: "AN ACT CREATING THE CRIMINAL TAX COURTS AND FOR OTHER PURPOSES"; 3.) HB No. 3367 entitled: "AN ACT EXTENDING A SPECIAL TAX CREDIT TO AGRICULTURAL PROCESSOR, . . ."; 4.) SB No. 274 entitled: "AN ACT AMENDING PERTINENT PROVISIONS OF THE NATIONAL INTERNAL REVENUE CODE, AS AMENDED"; 5.) HB No. 1 entitled: "AN ACT INSTITUTIONALIZING POVERTY ALLEVIATION, . . ."; 6.) HB No. entitled: "AN ACT CREATING THE INTERNAL REVENUE AUTHORITY, DEFINING ITS POWERS AND FUNCTIONS, . . ."; 7.) SB No. entitled: "AN ACT CREATING THE FILM RATING BOARD, PROVIDING TAX EXEMPTION THEREFOR, ETC." 8.) SB No. 1091 entitled: "AN ACT TO AMEND R.A. NO. 337, AS AMENDED, OTHERWISE KNOWN AS AN ACT REGULATING BANKS AND BANKING INSTITUTIONS AND FOR OTHER PURPOSES"; cdta Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue