Taxability of the Reliance Information and Credit Service

October 2, 1958 BIR RULING NO. 557-58 The General Manager Reliance Information & Credit Service 433-B Regina Building Manila S i r : Reference is made to your letter dated October 1, 1958 inquiring as to the taxability of the Reliance Information and Credit Service for services rendered consisting of the following: LexLib "1. To conduct and carry on investigation, upon application of interested parties, concerning the life, identity, personal habits, health, occupation, character, reputation and financial standing of life insurance applicants; "2. To conduct and carry on investigation upon request of and/or at the instance of interested companies, banks, corporation, associations and other commercial or industrial establishments, and submit in writing the corresponding reports concerning the finance, income, net worth, credit, and economic standing of their clients or other persons having business dealings with them; "3. To provide and furnish interested parties, on such conditions as may be agreed upon, confidential information regarding matter which may be required or needed by said parties, or which may have some relation with their business or profession." In reply thereto, I have the honor to inform you that the Reliance Information and Credit Service, for the rendition of the services mentioned above, is constituted an independent contractor subject to the fixed and percentage taxes prescribed by Sections 182(A)(1) and 191 of the National Internal Revenue Code. Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue