Tax Liability of Gasoline Dealers
BIR Ruling No. 060-80 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 14, 1980
Full text
May 14, 1980 BIR RULING NO. 060-80 The Regional Director Revenue Region No. 3-A San Fernando, Pampanga S i r : In reply to your letter dated February 12, 1980, please be informed that Section 193(3)(pp) of the Tax Code of 1977, as amended by P.D. No. 1671 prescribing the new rates of annual fixed tax payable by gasoline dealers takes effect beginning calendar year 1980. Consequently, gasoline dealers in that Region who have not as yet paid any fixed tax may pay said tax based on the new rates prescribed by the amendatory law. However, in such case, said dealers aside from the fixed tax are liable for the payment of the 25% surcharge, interest and compromise penalty for late payment. Very truly yours, EFREN I. PLANA Acting Commissioner
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