Reckoning Period of the Increased Rates of Fixed Taxes
BIR Ruling No. 327-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jul 6, 1959
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July 6, 1959 BIR RULING NO. 327-59 The Regional Director BIR Regional District No. 4 Quezon City S i r : There is transmitted herewith the entire record of the pending real estate dealer's fixed tax case of Mr. Virgilio Hilario for appropriate action. I has always been the position of this Office that the increased rates of fixed taxes (except the occupation tax) prescribed by Republic Act No. 1612 is reckoned from January 1, 1956. In his letter dated May 8, 1957, Mr. Hilario admitted that his rental income exceeds P30,000.00 per annum. Such being the case, he was liable to a fixed tax of P500.00 in 1956. LLjur Very truly yours, (SGD.) JOSE ARAAS Commissioner of Internal Revenue
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