10% Overseas Communications Tax — Multi-National Company
BIR Ruling No. 017-80 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 8, 1980
Full text
February 8, 1980 BIR RULING NO. 017-80 Ozaeta, Romulo, de Leon, Mabanta, Buenaventura, Sayoc & de los Angeles Attorney-at-Law C.C. P.O. Box 883 Makati, Metro Manila Attention: Atty . Exequiel B . Javier Gentlemen : In reply to your letter dated January 18, 1979, please be informed that your client, Mellon Bank, N.A., although registered under P.D. No. 218 as a multi-national company, is not among those exempt from the payment of the 10% overseas communications tax prescribed in Section 290-A of the Tax Code, as inserted by P.D. No. 1457. Accordingly, payments made by your aforesaid client on outgoing telecommunication services are subject to the 10% overseas communications service tax imposed in the abovecited section of the Tax Code of 1977. Very truly yours, EFREN I. PLANA Acting Commissioner
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