Tax Liability of a Publisher
BIR Ruling No. 722-58 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Dec 22, 1958
Full text
December 22, 1958 BIR RULING NO. 722-58 Mr. Bienvenido Tan, Jr. Attorney-at-Law 184 Dasmarias, Manila S i r : Reference is made to your letter dated October 21, 1958, stating the following: cdpr "A client of mine has been engaged for several years in the importation of books and the sale thereof together with locally published books in the Philippines. Now, in order to cut down on importation, my client has entered the publishing field, that is, we pay certain authors royalties and have their books printed here in the Philippines either originally or as reprints. My client does not own any printing press but contracts in printing jobs with local printers." Under the above facts, your client is a publisher subject to the fixed and percentage taxes prescribed by Sections 182 and 191 of the Tax Code. prcd Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.