Cancellation of Tax Clearance Certificates

August 10, 1951 REVENUE REGULATIONS NO. V-16 SUBJECT : Cancellation of Tax Clearance Certificates TO : All Internal Revenue Officers and Others Concerned SECTION 1. Scope. Pursuant to the authority granted in Section 338, in relation to section 4 (j) and 344, of Commonwealth Act No. 466, otherwise known as the National Internal Revenue Code, the Following regulations requiring the cancellation of tax clearance certificates issued by the Bureau of Internal Revenue are hereby promulgated and shall be known as Revenue Regulations No. V-16. SECTION 2. Cancellation of Tax Clearance Certificates. Any person, corporation, company or association engaged in the business of carrying passengers shall, upon the issuance of a passage ticket for carrying any passenger from any place or port in the Philippines to any foreign place or port, cancel the tax clearance certificate issued by the Bureau of Internal Revenue to such passenger by stamping on the face thereof the following phrase in bold letters: "Used. Passage ticket No. ________, issued on ______." Followed by the name of the shipping or airline company and the signature of the officer or employee of said company who issued the passage ticket. HTcADC SECTION 3. Penalty. Any violation of these regulations shall be penalized under section 352 of the National Internal Revenue Code. SECTION 4. Effectivity. These regulations shall take effect upon publication in the Official Gazette. PIO PEDROSA Secretary of Finance RECOMMENDED BY: S. DAVID Collector of Internal Revenue