Ang Bagong Masa Publication is Exempt from 4% Contractor's Tax
BIR Ruling No. 253-87 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 1, 1987
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September 1, 1987 BIR RULING NO. 253-87 170 (n) 000-00 253-87 Gentlemen : This refers to your letter dated April 28, 1987 requesting exemption from the payment of 4% Contractor's tax on your publication of "ANG BAGONG MASA". In reply, please be informed that a perusal of the abovementioned publication shows that it appears at regular daily intervals with fixed prices for subscription and sale; that it contains editorials, news, and other featured articles and that it is not devoted principally to the publication of advertisements. Such being the case, said publication is exempt from 4% Contractor's tax pursuant to Section 170(n) (formerly Section 205 (15) of the Tax Code, as amended by Presidential Decree No. 1994. Very truly yours, (SGD.) EUFRACIO D. SANTOS Deputy Commissioner
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