Person Engaged in Carrying Money, Checks and Other Valuable Goods Considered Independent Contractor

February 17, 1969 BIR RULING NO. 003-69 Mr. Florentino P. Alejo 31 Molave St., United Paraaque, Subdivision Paraaque, Rizal S i r : In reply to your letter dated November 21, 1968 requesting information as to whether or not as franchise grantee engaged in the business of carrying money, checks and other valuable goods thru armored cars for a number of banks you are subject to the tax imposed in Section 191 of Section 192 both of the Tax Code, I have the honor to inform you that a person who is engaged in the business of carrying money, checks and other valuable goods is considered an independent contractor. As such, the gross receipts derived therefrom is subject to the 3% tax pursuant to Section 191 of the Tax Code. cdpr Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue