Tax Imposed on Oceanic Wireless Network

June 23, 1958 BIR RULING NO. 336-58 The Managing Director Oceanic Wireless Network R-310 FCI Building 416 Dasmarias, Manila S i r : In reply to your letter dated January 11, 1958, requesting this Office to furnish you with information on whether the Oceanic Wireless Network is subject to the 3% tax prescribed in Section 191 of the Tax Code, as amended, or to the 5% franchise tax prescribed in Section 259 of the same Code, I have the honor to inform you that as a franchise grantee after the amendment of Section 259 of the Tax Code by Republic Act No. 418, you are, in the absence of any provision in your franchise as regards the payment of taxes, subject to the 5% franchise tax prescribed in Section 259 of the Tax Code because the tax imposed under the said section applies to existing and future franchises. Very truly yours, (SGD.) JOSE P. TRINIDAD Acting Commissioner of Internal Revenue