BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 23, 1975
Full text
October 23, 1975 Miss Jesusa B. Caballes 79-A Cabreros Street Cebu City M a d a m : This refers to your letter dated July 11, 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 shellcraft industry; that you started operation in July, 1975 with a capital investment of P3,000.00; that you are registered with the NACIDA under Certificate of Registration No. 04468 dated July 8, 1975; that you have in your employ ten (10) relatives; and that your business facilities consists of five (5) push drills, one (1) grinder, one (1) buffer and two (2) cutters. In reply thereto, 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. aisa dc Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3
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