BIR Ruling No. 106-61
BIR Ruling No. 106-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 6, 1961
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April 6, 1961 BIR RULING NO. 106-61 Mr. Julio Gonong Bayombong, Nueva Viscaya S i r : With reference to your letter dated March 21, 1961, I have the honor to inform you that, pursuant to Section 1, (a) of Commonwealth Act No. 465, as amended by Republic Act No. 1503, the first P10,000.00 worth of real property is exempt from the additional residence tax; however, every P5,000.00 worth thereof in excess of P10,000.00 is subject to an additional tax of P2.00. Accordingly, the schedule provided in BIR Form No. 9.00, must prevail. cdll Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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