Sworn Statement Filed by Corporations, Associations, and Partnerships
BIR Ruling No. 459-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Aug 27, 1958
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August 27, 1958 BIR RULING NO. 459-58 The President Great Eastern Institute La Paz, Tarlac S i r : In reply to your letter dated August 27, 1958, I have the honor to inform you that the sworn statement required by Republic Act No. 2070 covers a calendar year period. Accordingly, corporations, associations, and partnerships must accomplish the statement on the basis of the calendar year even if their accounting period is a fiscal year. The fiscal period of an entity cannot be adopted as basis because the law requires the filing of the statement on or before January 31 of each year which cannot possibly be done on the basis of the fiscal period. llcd Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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