Taxpayers Whose Gross Receipts or Sales, or Gross Value of Output Exceed P5,000.00 but Less than P25,000.00
BIR Ruling No. 439-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 13, 1958
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August 13, 1958 BIR RULING NO. 439-58 3rd Indorsement Returned to the Regional Director, Bureau of Internal Revenue Regional District No. 3, Manila, the tax case of Gung Ho Printing Company. This Office had already rules that taxpayers whose gross receipts or sales, or gross value of output exceed P5,000.00 but less than P25,000.00 a quarter must accompany their income tax returns with a balance sheet; and their failure to do so will render them liable to a compromise penalty in the amount prescribed by General Circular No. V-236. This ruling should, however, be enforced only from the date of promulgation of General Circular No. V-236 on February 16, 1957. LLjur He is, therefore, advised to be guided accordingly. (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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