BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Apr 27, 1976
Full text
April 27, 1976 The Regional Director Revenue Region No. 1 Baguio City S i r : This refers to your letter dated March 23, 1976 requesting information whether cooperatives engaged in the business of general merchandizing which are registered with the Department of Local Government and Community Development (DLGCD) are exempt from the payment of the graduated annual fixed tax. In reply, please be advised that pursuant to the provisions of Presidential Decree No. 175, cooperatives registered with the Department of Local Government and Community Development through the Bureau of Cooperatives Development are exempted from the payment of income and sales taxes only, the latter being those which are provided in Sections 184 to 186-B, inclusive, of the Tax Code. Cooperatives which are engaged in the business of general merchandizing are subject to the annual graduated fixed tax prescribed in Section 182(A)(2) of the Tax Code. Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3
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