Filing and Non-filing of Sworn Statement of Corporations
BIR Ruling No. 494-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Sep 12, 1958
Full text
September 12, 1958 BIR RULING NO. 494-58 Messrs. Sycip, Gorres, Velayo & Co. Certified Public Accountants 490 San Luis, Manila Gentlemen : In reply to your letter dated September 12, 1958, I have the honor to inform you as follows: 1. Non-resident foreign corporations deriving income from interests, dividends and royalties from Philippine sources and owning shares of stocks of Philippine and resident foreign corporations are not required to file the sworn statement provided for by Republic Act No. 2070. 2. Corporations or associations organized and operated for religious, charitable, scientific, athletic, cultural or educational purposes, including social clubs, chambers of commerce, business league and trade organizations which own real and personal properties must, even if exempt from income tax, file the required statement. Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.