Request for Exemption from Payment of the 1% Creditable Expanded Withholding Tax as Publisher of Abante Regular and Abante Tonite

August 21, 1995 BIR RULING NO. 124-95 50 (b) 000-00 124-95 Monica Publishing Corporation Rm. 301 & 305 BF Condominium Bldg. Solana St. cor. Andres Soriano Intramuros, Manila Attention: Mr . Nelson S . Santos Finance & Administrative Manager Gentlemen : This refers to your letter dated June 9, 1995 which is a follow-up to your letter dated March 11, 1994, requesting exemption from the payment of the 1% creditable expanded withholding tax as publisher of Abante Regular and Abante Tonite. In reply, please be informed that since Abante Regular and Abante Tonite are tabloid newspapers on a regular day to day basis, with fixed price for subscription and sale and are not principally devoted to the publication of advertisements, the income payments made to you as publisher thereof are exempt from the 1% creditable expanded withholding tax imposed under Section 1(e)(2)(f) of Revenue Regulations No. 6-85, as amended. cdta Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue