Negotiable Land Certificates may be Accepted as Payment of the Specific Taxes
BIR Ruling No. 369-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 12, 1959
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August 12, 1959 BIR RULING NO. 369-59 Mr. Robert P. Brooks Vice Pres. & General Manager U. S. Tobacco Corporation 24th & Boston Streets Port Area, Manila S i r : In reply to your letter dated August 6, 1959, I have the honor to inform you that negotiable land certificates may be accepted as payment of the specific taxes due on your products if you are holders of said certificates in due course, pursuant to ruling contained in the 1st indorsement of the Secretary of Finance dated March 19, 1959. Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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