BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Nov 4, 1975
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November 4, 1975 The Deputy Administrator National Cottage Industries Development Authority (NACIDA) Manila S i r : In reply to your letter dated August 11, 1975, I have the honor to inform you that the sales taxes to be paid by cottage industry products after their tax exemption with the NACIDA has expired shall be based on the gross selling price of gross value in money of the articles sold, bartered, exchange or transferred, less the cost of the raw materials used in the manufacture of the finished products. Very truly yours, (SGD.) 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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