Sugar Lands Subject to Tax under CA No. 567 is Not Considered as a Real Estate Dealer
BIR Ruling No. 007-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 1, 1960
Full text
1960 BIR RULING NO. 007-60 Mr. Alberto Fontanilla c/o Dr. Jose Fontanilla 1852 Taft Avenue, Manila S i r : Reference is made to your letter dated January 11, 1960 which is quoted below: "I am an owner of land devoted to sugar industry with a contract of lease to Mr. Ladislao Sajo duly executed on July 5, 1956. "As one of your examiners is requiring me to pay "C-8 license" I should like to request written opinion of your Office if I am really subject or liable to the payment of the abovementioned license." In reply thereto, I have the honor to inform you that an owner of sugar lands subject to tax under Commonwealth Act No. 567 is not considered as a real estate dealer. Under the aforequoted facts, therefore, you are not subject to the "C-8" or real estate dealer's fixed tax. prcd Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue
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