Sworn Statement filed by Machinery Dealers Association of the Philippines, Inc.

October 13, 1958 BIR RULING NO. 562-58 The Machinery Dealers Association of the Philippines, Inc. P. O. Box 508, Manila Gentlemen : In answer to your letter of the 3rd instant, I have the honor to inform you that in order to be subject to the provisions of Republic Act No. 2070, otherwise known as "An Act to Provide for National Tax Census", it is enough that an association or organization be domestic or resident foreign. The law does not distinguish between profit and non-profit associations or organizations. Neither does it distinguish between associations having big assets and those having small assets or none at all. Accordingly, and it being the understanding of this Office that the Machinery Dealers Association of the Philippines, Inc. is a domestic association, it is under obligation to file the sworn statement required by Republic Act No. 2070, notwithstanding the fact that, as alleged by you, it is a non-profit association having no asset except a small bank balance. aisadc Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue