BIR Ruling No. 082-83

May 10, 1983 BIR RULING NO. 082-83 Gentlemen : In reply to your letter dated November 16, 1982, please be informed that as a joint venture organized for the purpose of undertaking the construction of Magsaysay Dendro Gas Power Plant Project at Magsaysay, Occidental Mindoro, with the National Electrification Administration, you are exempt from income tax pursuant to Section 20(b) and 24 both of the Tax Code of 1977 as amended. Accordingly, the provisions of Revenue Regulations No. 13-78 as amended by Revenue Regulations No. 6-79 implementing Section 53(f) of the Tax Code, as amended by P.D. No. 1351 do not apply to income payments payable to your joint venture. cdtech However, you are considered an independent contractor subject to the P100.00 fixed annual tax and to the 3% contractor's tax under Sections 192(1) and 205(16) both of the Tax Code, as amended. Very truly yours, (SGD.) ROMULO M. VILLA Acting Commissioner Bureau of Internal Revenue