BIR Ruling No. 118-62
BIR Ruling No. 118-62 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 17, 1962
Full text
October 17, 1962 BIR RULING NO. 118-62 The Heights Construction, Inc. 75 Halcon St., Sta. Mesa Heights Quezon City Gentlemen : In answer to your letter dated June 25, 1962, I have the honor to inform you that the receipts derived by you for the lease of your equipment, such as bulldozers, tournapulls, road graders and trucks, are not subject to any business tax. However, if besides the equipment, the persons who drive or operate them are furnished by you, said receipts shall be includible with your other receipts as general builder and contractor and subject to the 3% contractor's tax under section 191 of the Tax Code. prcd Very truly yours, JOSE B. LINGAD Acting Commissioner of Internal Revenue The above ruling was duly signed by the Acting Commissioner of Internal Revenue on Oct. 17, 1962. (SGD.) P. F. LANDAS Revenue Operations Head (Legal)
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.