Franchise Tax Imposed on Radio Broadcasting Station
BIR Ruling No. 187-88 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 4, 1988
Full text
May 4, 1988 BIR RULING NO. 187-88 103 (j) 000-00 187-88 Gentlemen : In reply to your letter dated March 3, 1988, please be informed that as a radio broadcasting station, you are subject to the franchise tax pursuant to Section 117, Title V of the Tax Code, as amended by Executive Order No. 273. Accordingly, you are exempt from the value-added tax, pursuant to Section 103(j) of the same Code. cdti Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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