BIR Ruling No. 218-83

December 8, 1983 BIR RULING NO. 218-83 S i r : This refers to your letter dated July 9, 1982 requesting information as to what fixed and percentage taxes are due on a business activity described as follows: "A person buys tapes or films for use in a Betamax or VHS units and other projectors, to be rented out, that is a customer rent a tape or film at a price, use, the return." I reply, please be informed that a person under the foregoing facts is considered a cinematographic film owner, subject to the fixed tax of P500,00 prescribed in Section 192(3)(cc) of the Tax Code of 1977, as amended, and to the 2% tax on his gross receipts, pursuant to Section 208 of the same Code. Moreover, he is subject to the 5% expanded withholding tax under Section 1(d) of Revenue Regulations No. 13-78 as amended by Revenue Regulations No. 6-79 implementing Presidential Decree No. 1351, now Section 53(f) of the Tax Code. aisadc Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner Bureau of Internal Revenue