BIR Ruling No. 432-61
BIR Ruling No. 432-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 8, 1961
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December 8, 1961 BIR RULING NO. 432-61 Returned to the Regional Director, BIR Regional District No. 8, Iloilo City, the within papers relative to the query of the City Treasurer, that city. prcd It has been the position of this Office through all the years past that the 25% surcharge prescribed by Section 295 of the Tax Code for late payment of the firearms tax is by itself a penalty. Hence, Section 352 of the Tax Code is not applicable for such delinquency. The inclusion of firearms tax delinquency in General Circular No. V-240 was an inadvertent mistake. Steps will be taken to amend the circular accordingly. cdt
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