Basis of An Additional Residence Tax
BIR Ruling No. 125-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Feb 20, 1958
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February 20, 1958 BIR RULING NO. 125-58 Mr. Jesus E. Villamor P.O. Box 65 Cebu City S i r : In reply to your query dated February 6, 1958, I have the honor to inform you that the additional residence tax is based on gross and not net sales, receipts, income or earnings. The Cost of sales is not deductible from the gross sales. cdta Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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