Tax Imposed on Narom, Incorporated

March 17, 1958 BIR RULING NO. 188-58 3rd Indorsement Respectfully returned to the Regional Director, Regional District No. 3, Manila, the within papers bearings the case of Narom, Incorporated, El Hogar Filipino Bldg., Manila. cdta The statement of the purposes for which the corporation is organized is too general, so that, it cannot serve as sufficient basis for a definite ruling. It appears, however, that presently, the corporation is managing more than two corporations. This Office has already issued several rulings to the effect that management corporations, as they are referred to, are considered independent contractors, subject to tax under Section 191 of the tax Code, as amended. Accordingly, Narom, Incorporated is subject to tax as an independent contractor. As to the taxability of the corporation on other activities to be undertaken by it in the future, the same shall be duly considered when the occasion arise. (SGD.) JOSE ARAAS Commissioner of Internal Revenue