BIR Ruling [DA-511-99]
BIR Ruling [DA-511-99] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 3, 1999
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September 3, 1999 BIR RULING [DA-511-99] Mr. Ernesto L. Camiloza Poblacion East, San Nicolas Pangasinan S i r : This refers to your letters dated August 11, 1998 and September 9, 1998, inquiring from this Office whether the Tax Reform Bill of 1997 has been passed into law and whether the provisions of the same apply to the 1997 income of individual taxpayers. HEASaC In reply, please be informed that the said Bill was passed into law as Republic Act No. 8424, otherwise known as "The Tax Reform Act of 1997" which took effect on January 1, 1998 as prescribed under Section 8 thereof. Such being the case, the provisions of Republic Act No. 8424 cannot be made to apply to the 1997 income of individual taxpayers but rather to their income which have been earned and/or received beginning January 1, 1998 and thenceforth. (BIR Ruling No. 23-98 dated February 24, 1998) Very truly yours, Commissioner of Internal Revenue By: (SGD.) SIXTO S. ESQUIVIAS IV Deputy Commissioner (Legal and Enforcement Group)
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