BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jun 3, 1976
Full text
June 3, 1976 Mr. Ronaldo E. Bering R. B. Kitchen Utensils Factory 34 Tuti Street Cebu City S i r : This refers to your letter dated October 14, 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 metalcraft industry, manufacturing tin cans, sprinkling cans, sinks and pails; that you started operation on October 13, 1975 with a capital investment of P1,200.00; that you are registered with the NACIDA under Certificate of Registration No. 04728 dated October 13, 1975; that you have in your employ two brothers as laborers; and that your business facilities consists of tools such as, blow torch, chisel, scissors and tape measure. 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 and Presidential Decree No. 817. Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3
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