BIR's Exemption of Tricycles from Payment of Common Carrier's Tax/Value Added Tax/Percentage Tax
LTO Memorandum • Other Rules and Procedures • Land Transportation Office • Mar 19, 1999
Full text
March 19, 1999 LTO MEMORANDUM BIR's EXEMPTION OF TRICYCLES FROM PAYMENT OF COMMON CARRIER'S TAX/VALUE ADDED TAX/PERCENTAGE TAX The Bureau of Internal Revenue exempted tricycle operators from payment of common carrier or value added tax income below P550,000.00 per Section 109(2) and percentage tax for income below P100,000.00 as provided for under Republic Act No. 7716 and Revenue Regulation No. 7-95 which are requirements for the registration of tricycles. DCESaI In view hereof, the BIR certificate of exemption shall be required in lieu of the proof of payment of common carriers or value added tax or percentage tax for the registration of tricycles. For strict compliance. Adopted: 19 March 1999 (SGD.) BENJAMIN G. CALIMA Assistant Secretary
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.