Amendment of paragraph (c) of Section 1 of Revenue Regulations No. 13-78

March 25, 1982 April 1, 1982 REVENUE REGULATIONS NO. 04-82 SUBJECT : Amendment of Paragraph (c) of Section 1 of Revenue Regulations No. 13-78 TO : All Internal Revenue Officers and Others Concerned SECTION 1 . Paragraph (c) of Section 1 of Revenue Regulations No. 13-78 is hereby amended to read as follows: cd i "(c) Rentals . When the gross rental or other payment required to be made as a condition to the continued use or possession of properties, whether real or personal, to which the payor or obligor has not taken or is not taking title or in which he has no equity, except leases on equipment, whether under on operating or finance lease agreement, exceeds five hundred pesos (P500.00) - five per centum (5%) SECTION 2 . Effectivity . This regulations shall take effect on income payments beginning April 1, 1982. cd ALFREDO PIO DE RODA, JR. Deputy Minister of Finance Recommending Approval: RUBEN B. ANCHETA Acting Commissioner