Request for a List of the First 5000 Corporations for the Purpose of Effecting the Tax on the Purchase of Goods from Local Suppliers

December 5, 1994 BIR RULING NO. 166-94 50 (b) 000-00 166-94 Revenue Region No. 15 Zamboanga City Attention: C . B . Vallejo, Jr . Regional Director Gentlemen : This refers to your faxed letter dated June 21, 1994 requesting for a list of the first 5000 corporations for the purpose of effecting the 1% withholding tax on the purchase of goods from the local suppliers. In reply, please be informed that a complete list of the top 5000 corporations is not presently available. However, from time to time this Office will be issuing notice informing a taxpayer that he/it is included in the top 5000 corporations pursuant to Revenue Regulations No. 12-94 in relation to Revenue Memorandum Circular No. 28-94. A taxpayer will be subject to the withholding provisions when he receives a notice that he is included in the list of the top 5000 corporations. LLphil Very truly yours, LIWAYWAY VINZONS-CHATO Commissioner of Internal Revenue