BIR Ruling No. 012-80
BIR Ruling No. 012-80 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 18, 1980
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September 18, 1980 BIR RULING NO. 012-80 053-f 000-00 12-80 Salonga, Ordonez, Yap & Associates Suite 322-327 Rufino Building Ayala Avenue, Makati, Metro Manila Attention : Atty . Enrique C . Andres Gentlemen: In reply to your letter dated July 7, 1980, I have the honor to inform you that since under Section 1 of Republic Act No. 3676 your client, the Ramon Magsaysay Award Foundation, is exempt from the payment of all taxes whether national or local, among which is income tax, income payments to the said Foundation are exempt from the withholding of tax prescribed by Revenue Regulations No. 13-78 as amended by Revenue Regulations No. 6-79, implementing Section 53(a) of the Tax Code of 1977, as amended by P.D. No. 1351, pursuant to Section 4(b) of said Regulations. In this connection, pursuant to Section 2(b) of Revenue Regulations No. 13-78, as amended, since your client is a juridical person, it is constituted as withholding agent for purposes of the tax required to be withheld on income payments enumerated in Section 1 of said Regulations. cdti Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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