BIR Ruling No. 164-61
BIR Ruling No. 164-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Apr 12, 1961
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April 12, 1961 BIR RULING NO. 164-61 China Banking Corporation Dasmarias, Manila Attention : Mr . L . L . PAN , Auditor Gentlemen : Reference is made to your letter dated April 6, 1961, requesting information from this Office on whether or not non-resident stockholders of Chinese nationality of that Bank for whom you prepare income tax returns on dividends received from the said Bank are allowed personal exemptions under the reciprocity provisions of the Tax Code. In reply thereto, I have the honor to inform you that non-resident Chinese nationals are not entitled to the personal exemptions allowed by the Internal Revenue Code, of the Philippines for the reason that the laws of China do not concede similar exemptions to nonresident, Filipinos. aisadc Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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