Prescriptive Period of Tax Refund Claim under RA No. 1435

July 29, 1959 BIR RULING NO. 360-59 Mr. Benito I. Albano Certified Public Accountant 144 Magallanes Street Davao City S i r : This has reference to your letter dated June 18, 1959, requesting information as to the period of prescription within which to claim for a tax refund under Republic Act No. 1435, which amended Sections 142 and 145 of the Tax Code. In answer thereto, I have the honor to inform you that Section 309 of the said Code authorizes the Commissioner of Internal Revenue to credit or refund taxes or penalties if the claim for credit or refund is made in writing and filed with him within two (2) years after the payment of the tax or penalty. prcd Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue