Exploration and/or Exploitation Taxes Paid by Petroleum Concessionaires
BIR Ruling No. 355-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 21, 1959
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June 21, 1959 BIR RULING NO. 355-59 The Director Bureau of Mines M a n i l a S i r : In reply to your letter dated April 10, 1959, I have the honor to inform you that exploration and/or exploitation taxes paid by petroleum concessionaires are not internal revenue taxes. Accordingly, the provisions of the National Internal Revenue Code are not applicable to said taxes. The taxes of general application mentioned in Article 102 of Republic Act No. 387 refer to income, percentage or specific taxes that may be due from the concessionaire. The "compulsory collection under the provisions of applicable laws" mentioned in Article 105 of the same Act refers to the summary remedies that may be resorted to by the Commissioner of Internal Revenue in enforcing collection of internal revenue taxes. prcd Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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