Exemption from 4% Contractor's Tax on the Publication of "Business International"
BIR Ruling No. 400-87 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 15, 1987
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December 15, 1987 BIR RULING NO. 400-87 170 (n) 025 86 400-87 Gentlemen : This refers to your letter dated November 27, 1986, requesting exemption from the payment of 4% contractor's tax on your publication of "Business International." In reply, please be informed that a perusal of the abovementioned publication shows that it appears at regular monthly intervals with fixed prices for subscription and sale, that it contains editorials, news and other featured articles, and that it is not devoted principally to the publication of advertisements. Such being the case, said publication is exempt from the 4% contractor's tax pursuant to Section 170(n) [formerly Section 205(15)] of the Tax Code, as amended by Presidential Decree No. 1994. Very truly yours, (SGD.) BIENVENIDO A. TAN, JR. Commissioner
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