BIR Ruling No. 403-61
BIR Ruling No. 403-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 1, 1961
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No date supplied BIR RULING NO. 403-61 In reply to your letter . . ., I have the honor to inform you that for the chartering of your vessel, the M. V. SAMAR, on the rental basis, you are not subject to any tax on business. If the charterer, however, is utilizing the vessel for transporting freight and passenger for a fee, he is constituted a transportation contractor, subject to the fixed and percentage taxes prescribed in Sections 182 and 192 of the Tax Code. cdrep
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