BIR Ruling No. 082-65

August 3, 1965 BIR RULING NO. 082-65 Messrs. J. A. Sison & Associates 205 El Hogar Filipino Building M a n i l a Gentlemen : This refers to your letter dated February 22, 1965 requesting a ruling on the following query: "This refers to the option of a taxpayer to pay his income tax in two equal installments if the tax involved is more than P500.00. The question, is, if the tax involved is, let say, P4,000.00 and P3,000.00 have been withheld from the taxpayer, has the taxpayer the option or privilege of deferring the payment of the balance of P1,000.00 at the filing of his return, or has he to pay one-half of the balance or P500.00 at the filing of the return." In reply thereto, I have the honor to inform you that if the tax due is P4,000.00 and P3,000.00 had already been withheld, the taxpayer need not pay one-half of the balance of P1,000.00 at the time of the filing of his income tax return, he having in effect already paid more than one-half of the tax due. The taxpayer should, however, attach the withholding statement to his return to be filed as evidence of the withheld tax. LLjur Very truly yours, (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue