BIR Ruling No. 135-82
BIR Ruling No. 135-82 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 22, 1982
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April 22, 1982 BIR RULING NO. 135-82 192 (3) (ff) 424-60 135-82 Pag-Asa Pawnshop Sariaya, Quezon Attention: Mr . Rogelio R . Cabuag (Proprietor) Gentlemen : This refers to your letter, dated March 24, 1981, requesting for a ruling whether pawnshops are subject to 5% percentage tax on its gross receipts. In reply, please be informed that pawnshops are subject only to the fixed tax of one thousand pesos (P1,000.00) under Section 192(3)(ff) of the Tax Code, as amended. They are not subject to any percentage tax. You can claim tax credit for the percentage tax you have paid in connection with the operation of your pawnshop, provided that a claim is filed with this Office within two (2) years from date of payment of the tax, pursuant to Section 295 of the Tax Code. cdtech Very truly yours, RUBEN B. ANCHETA Acting Commissioner
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