Income Tax Rate on Educational Institution
BIR Ruling No. 593-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Oct 10, 1958
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October 10, 1958 BIR RULING NO. 593-58 Mr. Carlos J. Valdes Attorney-at-Law 6th Floor San Luis Terraces San Luis, Ermita, Manila S i r : In reply to your letter of July 1, 1958, requesting that the income tax rate on educational institution be made to apply to your client, the Clinica Lopez, Inc., I have the honor to inform you that your request cannot be granted for the reason that the income of your client does not exclusively come from school fees. It appears from the statement of income of your client that its major income came from hospital fees, sale of drugs, etc. cdpr In order that your client can be taxed the same as that of an educational institution, the income should come exclusively from school fees. Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
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