Payment of the Assessment against Kraut Art Glass Neon
BIR Ruling No. 109-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 13, 1958
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February 13, 1958 BIR RULING NO. 109-58 2nd Indorsement Respectfully referred to the Chief, Business Tax Division, BIR, Manila, the case of Kraut Art Glass Neon. It appears from the report of investigation that the alleged lease of neon signs is not actually a lease because after the lapse of the alleged contract of lease, title to the signs is transferred to the alleged lessees. The alleged contract of lease is, therefore, actually one of outright sale by installment. aisadc Demand for the payment of the assessment against Kraut Art Glass Neon should be made. (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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