Payment of Negotiable Land Certificates
BIR Ruling No. 134-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Mar 20, 1959
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March 20, 1959 BIR RULING NO. 134-59 Mr. Samuel F. Reyes Attorney-at-Law Rms. 317-318 Capt. Luis Gonzaga Bldg. Rizal Avenue, Cor. Carriedo Manila S i r : In reply to your letter dated March 16, 1959, I have the honor to inform you that negotiable land certificates may be accepted as payment of the specific taxes due on the products of your clients if they are holders of said certificates in due course, pursuant to ruling contained in the 1st Indorsement of the Secretary of Finance dated March 19, 1959. cdt Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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