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BIR RULING NO. 025-02

BIR RULING NO. 025-02

BIR RULING NO. 025-02 | 2002-01-25

SGV & Co.
6760 Ayala Avenue
1226 Makati City

Attention:         R. C. Vinzon
                          Tax Division

Gentlemen :

This refers to your letter dated January 24, 2002 requesting on behalf of your client, Abbott Laboratories (Philippines), Inc. hereinafter referred to as "Abbott-Phils." for confirmation that Abbott-Phils. is a publicly held corporation as defined under Revenue Regulations No. 2-2001, and hence, exempt from the Improperly Accumulated Earnings Tax (IAET) imposed under Section 29 of the Tax Code of 1997.    

It is represented...