BIR Ruling No. 059-61
BIR Ruling No. 059-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 9, 1961
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March 9, 1961 BIR RULING NO. 059-61 In reply to your query, I have the honor to inform you that inasmuch as you are a government corporation not engaged in business for profit, the personalized checks to be issued by you in payment of all disbursements made by that corporation is exempt from the documentary stamp tax prescribed in Section 216 of the National Internal Revenue Code. cdphil
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