BIR Ruling No. 165-83
BIR Ruling No. 165-83 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 23, 1983
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September 23, 1983 BIR RULING NO. 165-83 Gentlemen : In reply to your letter dated July 11, 1983, please be informed that since as certified to by the Development Bank of the Philippines, you are a Class "A" private development bank with net assets of P10,671,842.00 as of December 31, 1982, you are exempt from the payment of all taxes, charges and fees except compensating tax and tariff duties, pursuant to Section 10 of Republic Act No. 4093, as amended. As provided in Batas Pambansa Blg. 63 amending said Section 10 of Republic Act No. 4093, you shall lose your exemption from taxes, charges and fees effective January 1, 1985. aisadc Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner Bureau of Internal Revenue
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