BIR Ruling No. 172-61

May 5, 1961 BIR RULING NO. 172-61 Messrs. Ross, Selph & Carrascoso P. O. Box 781 Manila Gentlemen : This is in connection with your request that your client, the Pan American World Airways, Inc., be allowed to pay the documentary stamp tax on airway bill in one single payment by check at the end of each month based on the sum total of the stamp tax on each bill of lading issued during the month. cdt The law requires that the documentary stamps should be affixed to the taxable document at the time the document is issued or executed. This Office has no power to authorize the delay in the payment of the documentary stamp tax. In view thereof, it is regretted that your request cannot be granted. cdti Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue