Correct Interpretation of Sec. 181 of the Tax Code

November 25, 1959 BIR RULING NO. 609-59 Mr. Juan Engtiong Yu 147 F. Calderon Street Cebu City S i r : This is in connection with your query dated October 21, 1959, regarding the correct interpretation of Section 181 of the Tax Code, as reenacted by Section 2, R. A. 2025. The question raised by you is as follows: "A business establishment has begun operation as an importer on August, 1958, shall the said establishment be required to pay the full amount of fixed tax for the whole year 1958 which is P20.00, or he may only pay one-half or equivalent only one semester as provided for in the above reenacted section 181." In reply thereto, I have to honor to inform you that the business establishment which began operation as importer on August, 1958, shall pay the importer's fixed tax of P10.00 only, the equivalent tax for the 2nd semester of 1958. LLjur Very truly yours, (SGD.) MELECIO R. DOMINGO Commissioner of Internal Revenue