Request for Exemption from Payment of 4% Contractor's Tax on Publication of "Veritas"
BIR Ruling No. 025-86 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 1, 1986
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April 1, 1986 BIR RULING NO. 025-86 170-n 015-86 025-86 Gentlemen : This refers to your letter dated February 14, 1986 requesting exemption from the payment of 4% contractor's tax on your publication of "Veritas". In reply, please be informed that a perusal of the above-mentioned publication shows that it appears at regular weekly intervals with fixed prices for subscription and sale; that it contains editorial, news, and other featured articles; and that it is not devoted principally to the publication of advertisements. Such being the case, said publication is 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. cdtech Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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