BIR Ruling No. 064-83
BIR Ruling No. 064-83 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 15, 1983
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April 15, 1983 BIR RULING NO. 064-83 Gentlemen : This refers to your letter dated September 30, 1981 requesting opinion as to whether the tax credit certificates issued on September 26, 1980 which are being offered to you by D.B. Teodoro Development Corporation may be acceptable as payment for its loan obligations with you. In reply, please be informed that your query is answered in the negative. It should be noted that tax credit certificates in question may be transferred only to another registered enterprise. (Sec. 1, Rule XVII, Rules and Regulations implementing P.D. No. 1789) Consequently, since you are not an enterprise registered with the Board of Investments, the said certificates may not be transferred to you. aisadc Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner Bureau of Internal Revenue
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