Publishing Section 115 of the Tax Code, as Amended by Executive Order No. 273

February 8, 1988 REVENUE MEMORANDUM CIRCULAR NO. 06-88 SUBJECT : Publishing Section 115 of the Tax C ode, as Amended by Executive Order No. 2 73 TO : All Internal Revenue Officers and Others Concerned For the information and guidance of all concerned, published hereunder is Section 115 (formerly Section 173), Title V, of the Tax Code: "Sec. 115. Percentage tax on carriers and keepers of garages . Keepers of garages, cars for rent or hire driven by the lessee, transportation contractors, persons who transport passenger or freight for hire, and common carriers by land, air, or water except owners of bancas and owners of animal-drawn two wheeled vehicles, shall pay a tax equivalent to three (3%) per centum of their quarterly gross receipts. "In computing the percentage tax provided in this Section, the following shall be considered the minimum quarterly gross receipts in each particular case: aisa dc Autocalesa: "1. Manila and other cities P1,200.00 "2. Provincial 600.00 Jeepney for hire "1. Manila and other cities P2,400.00 "2. Provincial 1,200.00 Public Utility bus Not exceeding 30 passengers P3,600.00 Exceeding 30 but not exceeding 50 passengers 6,000.00 Exceeding 50 passengers 7,200.00 Taxis: "1. Manila and other cities P3,600.00 "2. Provincial 2,400.00 Car for hire (w/ chauffeur) P3,000.00 Car for hire (w/o chauffeur) 1,800.00 Pursuant to Section 103(j) of the Tax Code, common carriers, transportation contractors as well as other taxpayers subject to the 3% tax under the above-quoted provision, are exempt from the payment of the value-added tax. All concerned are hereby enjoined to give this circular as wide a publicity as possible. (SGD.) BIENVENIDO A. TAN, JR. Commissioner