BIR Ruling No. 050-61
BIR Ruling No. 050-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 27, 1961
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January 27, 1961 BIR RULING NO. 050-61 With reference to your letter dated . . ., requesting that a certificate of tax exemption be issued in favor of the Philippine Tax Institute, Inc., I have the honor to inform you that, it appearing from the Articles of Incorporation and the By-Laws of the said organization and your affidavit that the Institute is an organization within the purview of Section 27(e) of the Tax Code, it is exempt from income tax. It is not, therefore, required to file an income tax return pursuant to Section 24 of the Income Tax Regulations. aisadc
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