When an Ocean-going Vessel of Philippine Registry is Deemed to Engage in Overseas Shipping

November 7, 1966 BIR RULING NO. 055-66 Mr. Ricardo Oliveros 1354 Soler Street Sta. Cruz, Manila S i r : In reply to your letter dated May 31, 1966 I have the honor to inform you as follows: (1) For purposes of R.A. No. 1407 as amended by R.A. No. 4146, an ocean-going vessel of Philippine Registry is deemed to be engaged in overseas shipping when it undertakes the carriages of goods and/or passengers from the Philippines to a foreign port, or from a foreign port to either another port or a Philippine port. (2) A domestic shipping company will not lose its character as engaged in overseas shipping by chartering some of its vessels (voyage or time) to foreign shipping companies for the purpose of loading or unloading cargo in the Philippines. prcd Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue