Enjoining All Government Officials and Employees to Strictly Observe and Comply with the Prohibition against Going to Gambling Casinos

January 29, 1958 BIR RULING NO. 048-58 Mr. Alfonso E. Generoso 6th Floor, Pedro Cruz Bldg. Evangelista, Quiapo Manila S i r : Reference is made to your letter of even date, wherein you stated that your client, Mr. Valentin Magno, is contemplating on selling his three parcels of land with a total area of six hectares, more or less, all situated at Barrio San Isidro, Municipality of Taytay, Province of Rizal, for a consideration of P90,000.00. You now would like to be informed whether or not the contemplated sale, if it materializes, is subject to income tax or any other internal revenue tax. In reply thereto, I have the honor to inform you that the gain to be derived from the sale thereof is subject to the income tax. However, the said sale, by itself, is not subject to any internal revenue business tax. Very truly yours, (SGD.) P. F. LANDAS Revenue Operations Executive (Legal)