BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jul 3, 1975
Full text
July 3, 1975 Miss Melva D. Rimando Filipinas Steelcraft Industries Kiyut, Basak, Pardo Cebu City M a d a m : This refers to your letter dated December 5, 1974 requesting exemption from the payment of fixed and percentage taxes under the provisions of the NACIDA law. Investigation disclosed that you are engaged in the manufacture of garden sets and corner sets, a metalcraft industry duly registered with the NACIDA under certificate of Registration No. 04049 dated November 27, 1974, that your business is in small scale with a capital investment of P2,500.00; and that the manufacture of your product is done in your own home with the help of the members of your family. 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 Act No. 5326. cdta Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5
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