Tax Liability of a Publisher of Books
BIR Ruling No. 045-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 12, 1960
Full text
February 12, 1960 BIR RULING NO. 045-60 Mr. Domingo Bernos Accountant, Phil-Asian Publishers, Inc. 450 Arquiza, Ermita, Manila S i r : In reply to your letter dated January 23, 1960, I have the honor to inform you that a publisher of books regardless of whether the printing thereof is done by himself or by another subject to the fixed and percentage taxes prescribed by sections 182 and 191 of the National Internal Revenue Code. The tax is based upon the gross receipts of the sales of the books without deduction of the cost of printing and whether or not the printing is done by the publisher himself. cdta Very truly yours, MISAEL P. VERA Deputy Commissioner of Internal Revenue
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