Dealers of Provincial Newspapers, Magazines, etc., Exempt from Subsequent Sales Tax
BIR Ruling No. 149-86 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 18, 1986
Full text
August 18, 1986 BIR RULING NO. 149-86 167 (e) 149-86 S i r : In reply to your telegram dated May 22, 1986, I have the honor to inform you that dealers of provincial newspaper, magazine, review or bulletin which appears at regular intervals, with fixed prices for subscription and sale and which is not devoted principally to publication of advertisements, are exempt from payment of the 1.5% subsequent sales tax pursuant to Section 167(c) of the Tax Code, as amended by P.D. No. 2006 and as implemented by Section 3(c) of Revenue Regulations No. 1-86 which took effect on January 1, 1986. cdt However, the dealer is subject to C-13 graduated annual fixed tax imposed by Section 161(2) of the Tax Code. (Revenue Memorandum Circular No. 2-86). Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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