BIR Ruling [UN-334-95]
BIR Ruling [UN-334-95] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 12, 1995
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September 12, 1995 BIR RULING [UN-334-95] Ms. Evelyn G. Laureta, M.D. Chairman, Board of Trustees VMMC-Medical Association M a d a m : In reply to your letter dated September 5, 1995, I have the honor to inform you that the proceeds to be derived by the VMMC Medical Association, Inc. in connection with the raffle-fund raising draw it is launching on November 13-20, 1995, the proceeds of which shall be applied for charitable work and other magnanimous projects, are not subject to income and business taxes. (BIR Ruling No. 29 (h)-440-88-552-88) aisadc Very truly yours, ALICIA P. CLEMENO Assistant Commissioner (Legal Service)
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