BIR Ruling

May 4, 1972 The General Manager Federal Medical & Pharmaceutical, Inc. 132-C Sta. Mesa Blvd., Ext. San Juan, Rizal S i r : This refers to your letter dated April 24, 1972 requesting confirmation of your opinion as to the necessary privilege tax receipts required from you for selling at retail, the articles imported by you. It is represented that as an importer, you are duly provided with a C-14 privilege tax receipt and as a dealer in locally manufactured articles you are also provided with a C-13 privilege tax receipts; and that your firm is a 100% Filipino Company. In reply, I have the honor to inform you that under the foregoing circumstances, you have correctly provided your firm with the necessary privilege tax receipts. For internal revenue tax purposes, an importer duly provided with a C-14 privilege tax receipt may sell his importations either by wholesale or retail without securing another C-13 privilege tax receipt for selling the imported articles. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue