Basis of the Sworn Statement Required by RA No. 2070
BIR Ruling No. 485-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 8, 1958
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September 8, 1958 BIR RULING NO. 485-58 Mr. Bonifacio G. Maalac 883 Raon, Manila S i r : In reply to your letter dated August 18, 1958, I have the honor to inform you that the basic of the sworn statement required by Republic Act No. 2070 is the calendar year period. Accordingly, corporations and other entities whose accounting period is the fiscal year will, nevertheless, have to accomplish the sworn statement on the basis of the calendar year period. LexLib Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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