BIR Ruling No. 098-61
BIR Ruling No. 098-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 6, 1961
Full text
April 6, 1961 BIR RULING NO. 098-61 1st Indorsement Respectfully returned thru the Revenue Operations Executive (Assessment) to the Chief, Income Tax Division, B. I. R., Manila, the within papers relative to the internal revenue case of the Philippine Charity Sweepstakes. Inasmuch as the tax of 1-% is collected on the total price fund of the sweepstakes, the same should be accounted for as amusement tax, similar to the 2-% tax on winnings in horse races under Section 260-A of the Tax Code. cdt (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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