Surcharge for Late Payment of Forest Charges on Timber

February 20, 1959 BIR RULING NO. 121-59 The Misamis Lumber Co., Inc. 511 Madrigal Bldg. Escolta, Manila Gentlemen : On August 14, 1957, this Office asked your Company to pay the sum of P694.23 representing 25% surcharge for late payment of forest charges on timber covered by two scale reports for the month of September, 1955. However, you have asked for the withdrawal of the said assessment for the reasons stated in your letters dated September 4, 1957 and June 30, 1958. In this connection, I have the honor to inform you as follows: cdt As a class "C" sawmill operator, your Company should pay the forest charges on the logs cut by it within seventy-five (75) days from the last day of the month to which the scale report covering the logs pertains. (Sec. 28(b) Rev. Regs. No. 85). Accordingly, the charges on the logs covered by the scale report for September, 1955 should be paid not later than December 14, 1955. Since you paid the charges in question on December 17, 1955, you are therefore liable to the 25% surcharge for late payment. In view of the foregoing considerations, you are hereby requested to pay the sum of P694.23 within five (5) days from receipt of this letter, otherwise, this Office will enforce collection of the same by summary action. cdti Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue