BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jun 3, 1976
Full text
June 3, 1976 Mr. Juan Diaz Wee Everlasting Josstick Factory 1986 M. Borgonio St. Mabolo, Cebu City S i r : This refers to your letter dated July 8, 1975 requesting exemption from the payment of fixed and percentage taxes under the provisions of the NACIDA law. Investigation disclosed that you are engaged in bamboo-craft industry, manufacturing joss stick; that you started business operation on August, 1973 with a capitalization of P2,000.00; that you are registered with the NACIDA under Certificate of Registration No. 04343 dated May 13, 1975; that previous to your registration with the NACIDA, you have been paying your fixed and percentage taxes as manufacturer; that you have in your employ two (2) sons and a relative; and that your business facilities consists of a rounding machine and a vat. In reply, I have the honor to inform you that under the foregoing circumstances, you are exempt from the payment of fixed and percentage taxes pursuant to the provisions of Republic Act No. 3470, as amended by Republic Act No. 5326 and Presidential Decree No. 817. Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."
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