Negotiable Certificates of Indebtedness Cannot be Accepted in Payment of Internal Revenue Taxes
BIR Ruling No. 513-59 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 22, 1959
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October 22, 1959 BIR RULING NO. 513-59 Mr. Rolando J. Sales Mutual Realty Corporation P. O. Box 381 M a n i l a S i r : In connection with your query of August 14, 1959, I have the honor to inform you that, in accordance with Opinion No. 69, Series of 1959, of the Secretary of Justice, negotiable certificates of indebtedness cannot be accepted in payment of internal revenue taxes. For your further information, there is enclosed herewith a copy of our General Circular No. V-289 dated May 8, 1959, which published the aforesaid opinion of the Secretary of Justice. Very truly yours, MISAEL P. VERA Deputy Commissioner of Internal Revenue
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