BIR Ruling No. 289-61
BIR Ruling No. 289-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 26, 1961
Full text
July 26, 1961 BIR RULING NO. 289-61 In reply to your telegram . . . , I have the honor to inform you that owners of bancas (dugout canoe) powered by a motor who use such bancas in fishing, transporting or hauling merchandise belonging to them or to others for a fee are not subject to any fixed tax. However, a vessel made of lumber nailed together, not dug out of big trees is not a banca. Owners of such vessels, regardless of whether or not they are motor-powered, who use the same in transporting persons or merchandise for a fee are subject to the transportation contractor's fixed and percentage taxes prescribed in Sections 182 and 192 of the Tax Code. llcd
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.