BIR Ruling No. 097-62

August 17, 1962 BIR RULING NO. 097-62 Mr. Felino F. Palarca Collection Agent Butuan City S i r : Reference is made to the letter dated March 8, 1962 of the East Mindanao Lumber Company, that City, which was referred to this Office in your letter of March 14, 1962. In answer thereto, it is informed that the Commissioner of Internal Revenue has no authority to waive the imposition of surcharge for late payment of internal revenue taxes (See Lim Co Chui vs. Posadas; 47 Phil. 460). Neither he has the power to extend the period for payment of percentage taxes (Koppel [Phil.] Inc. vs. Collector of Internal Revenue, G. R. No. L-1977, Sept. 21, 1950). Accordingly, the fact that on February 20, 1962, the last day for paying the percentage taxes due for January, 1962, the taxpayer was prevented by floor to effect payment will not exempt it from the corresponding surcharges. aisadc Very truly yours, JOSE B. LINGAD Commissioner of Internal Revenue