Non-registration of a "Gift Certificate or Gift Coupon"
BIR Ruling No. 052-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 19, 1960
Full text
February 19, 1960 BIR RULING NO. 052-60 Mr. Tim F. Fernando 1267 Sisa, Sampaloc M a n i l a S i r : In answer to your letters dated February 18 and 19, 1960, please be informed that the "gift certificate or gift coupon" described in your letters need not be registered and approved by this Office provided that as you have stated, sales invoices or receipts properly registered and approved are issued for the articles delivered to the person who presents the "certificate" or "coupon". Income derived by the seller of the articles from the transaction described in your letters is subject to the income tax. cdi Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue
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