Tax Liability of FILCOPA

March 9, 1960 BIR RULING NO. 097-60 Mr. R. M. Capitulo General Manager Filipino Consumers Purchasing Agency (Filcopa) 1637 Soler, Manila S i r : In answer to your letter dated February 29, 1960, I have the honor to inform you that if one of the business activities of your firm is to act as sales representative of insurance companies, all persons employed by it and authorized by the Insurance Commissioner to solicit insurance are subject to the insurance agents' annual privilege tax of P75.00, pursuant to section 182(B)(1) of the Tax Code. As sales representative of those engaged in the business of subdivisions, it is considered a real estate broker, subject to the fixed and percentage taxes prescribed by sections 182 and 195 of the said Code. For the publication of the magazine called Consumer's Guide, you are not subject to any tax on business, it appearing that you are not selling the same. The purchase discount does not form part of the gross selling price for purposes of the sales tax, it being determined at the time of sale. In the operation of said businesses no internal revenue permit is required. It is understood of course that you are further subject to the income and residence taxes. LLjur Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue