Amendments to Revenue Regulations No. 8-75

March 15, 1976 REVENUE REGULATIONS NO. 03-76 SUBJECT : Amendments to Reve nue Regulations No. 8 -75 TO : All internal revenue officers and others concerned Pursuant to Section 338 in relation to Section 4, both of the National Internal Revenue Code, as amended, Revenue Regulations 8-75 is hereby amended by defining "gross Philippine billings". SECTION 1. Definition of Gross Philippine Billings . Section 2(b)(1) of Revenue Regulations No. 8-75 is hereby amended to read as follows: "(1) International carriers shall pay a tax of 2-1/2% of their "gross Philippine billings". "For the purpose of Section 24(b)(2) of the National Internal Revenue Code, "gross Philippine billings" means the gross revenue realized from uplifts anywhere in the world by any international carrier doing business in the Philippines of passage documents sold therein, whether for passenger, excess baggage, cargo or mail, provided the cargo or mail originates from the Philippines. The gross revenues realized from the said cargo or mail shall include the gross freight charges up to the final destination. "The gross freight charges in the airway bills, bills of lading, and/or value of tickets sold by each international carrier doing business in the Philippines shall be prima facie evidence of its gross lifted revenue. "For the purpose of this definition, the phrase 'doing business in the Philippines' includes the regular sale of tickets in the Philippines by off-line international airlines either by themselves or through their agents. "In the case of off-line airlines, their general sales agents (GSA) or duly authorized representatives in the Philippines are hereby constituted as withholding agents pursuant to Section 53 of the National Internal Revenue Code." aisa dc SECTION 2. Repealing Clause . All existing rules and regulations in conflict with this Order are hereby revoked. CESAR VIRATA Secretary of Finance Recommended by: EFREN I. PLANA Acting Commissioner