Issuance of New Stock Certificates- Not Subject to Doc. Stamp Tax
BIR Ruling No. 098-93 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 10, 1993
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March 10, 1993 BIR RULING NO. 098-93 ISSUANCE OF NEW STOCK CERTIFICATES NOT SUBJECT TO DOC. STAMP TAX 235 282 098-93 National Confederation of Cooperatives, Inc. (NATCO) 227 J.P. Rizal Street, Project 4 1109 Quezon City Attention: Ms . Elena I . Samson Accountant This refers to your letter dated December 18, 1992, requesting authority to adopt computer-based accounting system. aisadc In reply, please be informed that your request is hereby granted but subject to the following conditions: 1. A readable printout of the information/accounting data should be made available or verifiable; and 2. Diskettes containing records, classification and summary of transactions shall be subject to examination and inspection by internal revenue officers as if they are the traditional books of accounts, in accordance with Section 235 of the Tax Code. cd JOSE U. ONG Commissioner of Internal Revenue
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