BIR Ruling No. 028-82
BIR Ruling No. 028-82 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 5, 1982
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February 5, 1982 BIR RULING NO. 028-82 53-f 110-81 028-82 Ms. Belen M. Morga-Seva Certified Public Accountant Elgrale Street Villa de San Antonio Subdivision San Roque, Iriga City M a d a m : In reply to your letter dated February 3, 1981, I have the honor to inform you that, only rentals which exceed P500.00 per contract or payment are subject to the 5% withholding tax prescribed by Section 1(c) of Revenue Regulations No. 13-78 as amended by Revenue Regulations No. 6-79. Accordingly, a monthly rental of P200.00 is not subject to the expanded withholding tax. Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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