BIR Ruling No. 422-61
BIR Ruling No. 422-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 5, 1961
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October 5, 1961 BIR RULING NO. 422-61 Mr. Pete G. Sarmiento 944-O Rizal Avenue St. Sta. Cruz, Manila S i r : In reply to your letter dated August 28, 1961 I have the honor to inform you that a corporation engaged in the business of deep-sea fishing is not subject to any business tax. However, its earnings are subject to the income and additional residence taxes. cdta Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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