BIR Ruling [DA-164-01]

September 18, 2001 BIR RULING [DA-164-01] Mr. Melchor S. Ramos Assistant Commissioner, Collection Service BIR, BIR NOB, Diliman, Quezon City Dear Asst. Comm. Ramos : This refers to the letter dated December 14, 2000 of MANOTOK REALTY, INC. (MANOTOK for brevity), through its attorney-in-fact Ms. Perpetua M. Bocanegra, requesting for a reconsideration on the surcharge, interest, and compromise penalty imposed by the Revenue District Officer, Revenue District No. 29, Tondo-San Nicolas, Manila for its failure to remit on time taxes withheld on the dividends it declared and paid covering taxable year 1998 under Letter of Authority No. 00001979 dated November 8, 1999. Please be informed that this Office hereby grants MANOTOK's request for the waiver of the said compromise penalties; however, the surcharge and interest shall remain to be imposed. In connection therewith, kindly request MANOTOK to present this letter to the Revenue District Officer for a re-computation of the total penalties to be imposed. Please inform MANOTOK to tender its payment at the authorized agent bank within the Revenue District Office where it is registered using the Payment Form (BIR Form 0605) within ten (10) days from receipt hereof. Kindly ask MANOTOK to furnish the Chief, Withholding Tax Division with office address at Room 207, National Office Building, BIR, Diliman, Quezon City and FAX No. 926-9328, a copy of the Payment Form (BIR Form 0605) after making the payment. Very truly yours, (SGD.) RENE G. BAEZ Commissioner of Internal Revenue