Tax Liability of a Carrier Engaged in Foreign Trade
BIR Ruling No. 053-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 30, 1958
Full text
January 30, 1958 BIR RULING NO. 053-58 Mr. James L. Chiongbian 226 Madrigal Building Escolta, Manila S i r : In reply to your letter dated December 26, 1957, I have the honor to inform you that as a carrier engaged in the foreign trade, you are subject to the 2% tax imposed in Section 192 of the Tax Code only on your outgoing freight and passenger receipts. The exemption provided for in Section 2 of Republic Act No. 1407 has reference only to the income tax. You cannot, therefore, avail yourself of this exemption in respect of the percentage tax because its purview cannot be stretched to include taxes not covered thereby. LibLex Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.