Taxability of a Corporation Engaged in Collecting Tolls on Motor Vehicles Passing Through Lands Leased/Owned by Corporation

August 29, 1967 BIR RULING NO. 031-67 Maveil Enterprises, Inc. Caingin, San Rafael Bulacan Attention : Mr . Reynaldo C . Cuevas Treasurer Gentlemen : This refers to your letter dated July 26, 1967 requesting information as to whether or not Maveil Enterprises, Inc. a corporation engaged in the business of collecting tolls on trucks and other motor vehicles that pass over the private lands and bridges owned and/or leased by said corporation is liable to the payment of fixed and percentage taxes. In reply thereto, I have the honor to inform you that Maveil Enterprises, Inc. as operator of private toll bridges and roads is not subject to any internal revenue tax on business. However, the receipts derived therefrom shall be declared for purposes of the income and additional residence taxes. lexlib Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue