Renewal of a Document Effected under Sec. 235 (Tax Code)
BIR Ruling No. 308-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 4, 1958
Full text
Messrs. Ross, Selph, Carrascoso & Joada Manila Gentlemen : Reference is made to your letter dated September 9, 1957 inquiring whether or not under the following circumstances, a renewal of a document is effected within the purview of Section 235 of the Tax Code. "The holder of a draft promises the creditor not to present the document for payment until some date after its due date without changing its tenor. The promise may be contained in a separate letter but
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.