Resolution on the Reaffirmation of the Non-Acceptability of Provisionary Tax Clearance Issued by the Bureau of Internal Revenue
GPPB Resolution No. 05-16 • Other Rules and Procedures • Government Procurement • Mar 11, 2016
Full text
No date supplied BIR RULING NO. 407-61 Reference is made to your letter . . . requesting information whether or not as owner of a small "sari-sari" store, you are required to submit an inventory at the end of every year. cdt In reply thereto, I have the honor to inform you that a sari-sari store owner is subject to the graduated annual fixed tax (C-13) prescribed in Section 182(A)(2) of the National Internal Revenue Code. Being subject to an internal revenue tax on business, he is required to submit an inventory of his stocks-in-trade, pursuant to Section 13 of the Bookkeeping Regulations. Your request is, therefore, answered in the affirmative. cdll
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.