BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jun 3, 1976
Full text
June 3, 1976 Mrs. Teresita S. Lechico C. Padilla St., Mambaling Cebu City M a d a m : This refers to your letter dated January 20, 1975 requesting exemption from the payment of fixed and percentage taxes under the provisions of the NACIDA law. Verification disclosed that you are engaged in a small household industry, manufacturing hollow blocks; that you started business operation on August 1, 1974 with a capitalization of P2,500.00; that you are registered with the NACIDA under Certificate of Registration No. 03980 dated October 11, 1974; that previous to your registration with the NACIDA, you have been paying your fixed taxes as manufacturer; that you have three (3) distant relatives as your workers; and that your business facilities consists of shovels, hollow block mold, wheel borrow and sand strainer. 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
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.