Clarification of Certain Matters Under RA No. 2070

December 4, 1958 BIR RULING NO. 698-58 Mr. Teofilo L. Domingo P.O. Box 128 Zamboanga City S i r : With reference to your undated letter requesting clarification of certain matters under Republic Act No. 2070, I have the honor to inform you as follows: 1. Non-resident stockholders of domestic or resident foreign corporations who have no property in the Philippines except their shares of stock are not required to file a sworn statement of assets, income and liabilities under Republic Act No. 2070; cdpr 2. If the said non-resident stockholders have other properties in this country, either real or personal, or both, they are required to file the sworn statement of assets, income and liabilities through the administrators of their properties in the Philippines. It may be stated in this connection that for purposes of the Tax Census Law, an administrator need not be one legally constituted. prcd Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue