Application of the Provisions of RA No. 2070 (National Tax Census Law)

August 28, 1958 BIR RULING NO. 476-58 The Radio Electronic Headquarters, Inc. P. O. Box 1400, Manila Attention : Mr . Leonardo W . Masilang Chief Accountant Gentlemen : Reference is made to your letter dated August 12, 1958 wherein you raised before this Office certain queries in connection with the application of the provisions of Republic Act No. 2070, otherwise known as the National Tax Census Law. cdll In reply thereto, I have the honor to inform you as follows: (1) The Statement of assets, income and liabilities required to be filed on or before September 21, 1958, pursuant to Section 1 of the aforesaid Act, shall include all assets, income and liabilities of the taxpayer as of December 31, 1957. (2) The requirement to file the statement of assets, income and liabilities on or before January 31 of each succeeding year after 1958 is applicable to all persons, corporations, or entities covered by the law, regardless of whether they operate on the fiscal or calendar year basis. This is for the reason that the law does not distinguish between persons who operate on the calendar year basis and persons who operate on the fiscal year basis. cdti Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue