Discounted Tickets Issued to Employees form Part of Gross Philippine Billings Subject to 2 ½% Income Tax
BIR Ruling No. 105-81 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 10, 1981
Full text
July 10, 1981 BIR RULING NO. 105-81 24-b-2 000-00 105-81 Katigbak & Associates, CPAs 3rd Floor, Saville Bldg. 8728 Paseo de Roxas Makati, Metro Manila Attention: Ms . Ma . Cecilia C . Katigbak Partner Gentlemen : This refers to your letter dated May 7, 1980, requesting a ruling whether the discounted tickets issued by your client, Saudi Arabian Airlines to its employees form part of the gross Philippine billings in the computation of the 2 1/2% income tax. In reply, I have the honor to inform you that if the tickets were sold in the Philippines, the gross revenue derived by your client from said tickets forms part of the gross Philippine billings for purposes of the 2 % income tax imposed by Section 24(b)(2) of the Tax Code, as amended. cdtech Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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