Payment of Income Tax Deducted and Withheld at Source Under Sections 53 and 54 of the Tax Code

January 28, 1958 BIR RULING NO. 047-58 Messrs. Stewart, Cunanan & Co. Certified Public Accountants P. O. Box 2288, Manila Gentlemen : In reply to the query contained in your letter of December 12, 1957, I have the honor to inform you that the income tax deducted and withheld at source under Sections 53 and 54 of the Tax Code should be paid to the Government not later than the fifteen day of May following the close of the calendar year when the withholding was made. Under Section 46(b) of the said Code, a return rendered on the calendar year basis is required to be filed on or before the first day of March following the close of such calendar year, and under Section 51(b) thereof, the tax due no such a return (on the calendar year basis) is required to be paid "on or before the fifteenth day of May following the close of the calendar year". Considering that under Section 53(c) of the same Code, the withholding tax return is, likewise, required to be filed on or before March first of each year, it follows that the phrase therein: "on or before the time fixed by law for the payment of the tax" means on or before the fifteenth day of May" as in Section 51(b) mentioned above. Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue