Payment of Graduated Fixed Annual Taxes
BIR Ruling No. 012-71 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered)
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No date supplied BIR RULING NO. 012-71 Payment of Graduated fixed annual taxes . QUERY Whether the graduated fixed annual tax (C-13) imposed under Section 182(A) (2) of the Tax Code may be paid in two installment? RULING By virtue of the passage of the Republic Act No. 6110, the phrase "shall pay in full" was deleted. Such being the case, pursuant to Section 180 of the Tax Code, the graduated fixed annual taxes may now be paid, at the option of the taxpayer, annually, on or before the twentieth of January and July. But the initial graduated fixed annual tax payable by any person first engaging in business subject to the said tax shall be P10.00. aisa dc
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