Tax Exemption Granted to Central Bank on Its Importation of Equipment Necessary for Its Offices
BIR Ruling No. 076-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 29, 1960
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February 29, 1960 BIR RULING NO. 076-60 The Deputy Governor Central Bank of the Philippines M a n i l a S i r : In answer to your letter dated February 22, 1960, please be informed that the Central Bank is exempt from the payment of internal revenue taxes on its importation of equipment necessary for its offices, pursuant to Section 131 of Republic Act No. 265. Hence, if the instruments mentioned in your letter are imported by the Central Bank for its use, the same are exempt from internal revenue taxes. Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue
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