Taxes in the Publication of "Stride Philippines" Magazine
BIR Ruling No. 062-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 20, 1960
Full text
January 20, 1960 BIR RULING NO. 062-60 Mr. Melquiades R. Santos 2nd Floor-562 Roquillo Cor. Rizal Avenue, Sta. Cruz M a n i l a S i r : This is with reference to your letter dated January 18, 1960, requesting information as to what taxes you have to pay in the publication of your magazine called. "STRIDE PHILIPPINES". In answer thereto, I have the honor to inform you that if as represented, the publication of the magazine will appear at regular intervals with fixed prices for subscription and sale and will not be devoted principally to the publication of advertisements, the receipts derived therefrom are not subject to 3% tax prescribed in section 191 of the Tax Code. However, the derived receipts shall be declared for purposes of income and additional residence taxes. cdta Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue
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