Request for Exemption from Payment of 4% Contractor's Tax on Certain Publications
BIR Ruling No. 015-86 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 19, 1986
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February 19, 1986 BIR RULING NO. 015-86 170 (n) 148-85 015-86 Gentlemen : This refers to your letter dated January 7, 1986 requesting exemption from the payment of 4% contractor's tax on your publications of "Jingle", "Extra Hot". "Sensation", "Chord-book", and "Songhits". In reply, please be informed that a perusal of the above-mentioned publications show that they appear at regular weekly intervals with fixed prices for subscription and sale; that they contain editorials, news, and other featured articles; and that they are not devoted principally to the publication of advertisements. Such being the case, said publications are exempt from the 4% contractor's tax pursuant to Section 170(n) [formerly Section 205(15)] of the Tax Code, as amended by Presidential Decree No. 1994. cdta Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner
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