BIR Ruling No. 216-61
BIR Ruling No. 216-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • May 31, 1961
Full text
May 31, 1961 BIR RULING NO. 216-61 Miss Herminia S. Santos P.O. Box 2062 Manila M a d a m : In reply to your letter dated April 20, 1961, I have the honor to inform you that a person leasing apartments and deriving therefrom a rental income of P4,000 or more per annum is a real estate dealer subject to the real estate dealer's annual fixed tax of P150, of his rental income fee the preceding year does not exceed P10,000; P300, if it exceeds P10,000, but does not exceed P30,000; and P500, if it exceeds P30,000. LLpr A hotel operator is subject to the fixed and percentage taxes prescribed by Sections 182 and 191 of the Tax Code. In hotel receipts issued by keepers of hotels, there shall be collected a documentary stamp tax of fifty centavos on each twenty pesos or fractional part thereof, pursuant to Section 226(b) of the said Code. It is of course understood that they are further subject to the income and residence taxes. prll Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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