BIR Ruling No. 257-61
BIR Ruling No. 257-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 9, 1961
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June 9, 1961 BIR RULING NO. 257-61 In reply to your letter . . . , I have the honor to inform you that the . . . Construction Company of Florida, a resident foreign corporation of the Philippines, duly registered with the Securities & Exchange Commission, is exempt from the 3% contractor's tax on its receipts under the construction work contract it entered into with the U.S. Navy pursuant to the Military Bases Agreement of 1947 as supplemented by the Agreement of December 29, 1952. For purposes of record, however, the proper U. S. Government authorities should issue appropriate exemption certificates covering every construction work contract entered into by them with contractors. LLjur
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