Parking Lots Owners Subject to Fixed Annual Tax
BIR Ruling No. 048-70 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 1, 1970
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1970 BIR RULING NO. 048-70 Parking lots owners subject to fixed annual tax . Query: What are the tax liabilities of an individual who leases a lot to car owners as parking spaces. Reply: Proprietors of operators of lots for parking purposes are subject to the annual fixed tax of P50.00 and to the 3% tax on their monthly gross receipts pursuant to Sections 182(A)(1) and 191, respectively of the Tax Code, as amended by Republic Act No. 6110. Moreover, they are also subject to the income and additional residence taxes. cdtai
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