Implementation of Section 2(1) f of Revenue Regulations No. 9-72 dated September 27, 1972 Which was Published in the Official Gazette on March 12, 1973, Requiring the Filing of Performance Bond by Wholesale Leaf Tobacco Dealers
Revenue Memorandum Circular No. 25-73 • Bureau of Internal Revenue (BIR) Issuances • Revenue Memorandum Circulars • Apr 4, 1973
Full text
April 4, 1973 REVENUE MEMORANDUM CIRCULAR NO. 25-73 SUBJECT : Implementation of Section 2(1) f of Revenue Regulations No. 9-72 dated September 27, 1972 Which was Published in the Official Gazette on March 12, 1973, Requiring the Filing of Performance Bond by Wholesale Leaf Tobacco Dealers TO : All Internal Revenue Officers and Others Concerned In the implementation of Section 2(1) f of Revenue Regulations No. 9-72 dated September 27, 1972, all holders of L-3 (Wholesale Leaf Tobacco Dealers, FACOMAS, Tobacco Trading Centers and Wholesale Leaf Tobacco Dealer-Buyer of green leaves for flue-curing), L-6 (Stripper) and L-3R (Redrying Plant) permits, shall each file with the Bureau of Internal Revenue on or before April 13, 1973, a performance bond in the amount indicated hereunder: L-3 P3,000.00 L-6 5,000.00 L-3R 10,000.00 The amount may however be increased depending upon the volume of business. Failure to file the performance bond herein required by Revenue Regulations No. 9-72 shall be sufficient ground for the cancellation of the permit. This Revenue Memorandum Circular takes effect immediately. aisa dc MISAEL P. VERA Commissioner of Internal Revenue
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