Basis of the Additional Residence Tax
BIR Ruling No. 292-60 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 12, 1960
Full text
July 12, 1960 BIR RULING NO. 292-60 Mr. Jesus N. Villamor P.O. Box 65 Cebu City S i r : In reply to your letter dated May 17, I have the honor to inform you that the additional residence tax is based on the gross and not on the net sales or receipts. The cost of sales is not deductible from the gross sales or receipts. aisadc Very truly yours , (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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