BIR Ruling

June 1, 1972 Messrs. Joaquin Cunanan & Co. Certified Public Accountants P. O. Box 2288 Manila Gentlemen : This refers to your letter dated May 11, 1972 requesting information as to the rate of sales tax applicable to Mum with M-3 Cream and Mum Rollette which are manufactured by your client, Bristol-Myers (Manila) Inc. In reply, I have the honor to inform you that it appearing in the letter of the Undersecretary of Finance dated February 10, 1972 that the former shares the view expressed in the Certification of the Administrator, Food and Drug Administration dated March 17, 1966 that the aforesaid products fall under the category of medical preparations on the basis of their composition, to which the Secretary of Finance concurs in his 4th Indorsement to this Office dated March 22, 1972, the Mum with M-3 Cream and Mum Rollette manufactured by your aforesaid client are subject to the 7% sales tax prescribed in Section 186 of the Tax Code. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue