Failure of the Corporation to file Forms W-1
BIR Ruling No. 497-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 2, 1959
Full text
October 2, 1959 BIR RULING NO. 497-59 2nd Indorsement Respectfully returned to the Revenue Operations Executive (Assessment), Bureau of Internal Revenue the within docket bearing on the withholding tax case of Campos Rueda & Sons, Inc., 5171521 Juan Luna St., Manila, for the year 1958, with the information that employers cannot be held liable to any criminal penalty for failure in good faith to deduct the correct amount of withholding tax from the wages of their employees. However, for failure of the corporation to file Forms W-1 for the 4th quarter of 1958 and W-3 for the same year, it is liable to a compromise penalty in an amount computed in accordance with General Circular No. V-206. He is advised to be guided accordingly. (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue
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