BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 6, 1975
Full text
October 6, 1975 The President & General Manager Ultralite Electrical Co., Inc. 567 G. Araneta Blvd. Quezon City S i r : This refers to your letter dated July 22, 1975 requesting exemption from the 3% contractor's tax on your receipts derived from electrical installation project rendered to Porcelana Mariwasa, a preferred pioneer industry registered with the Board of Investments under the provisions of Republic Act No. 5186. acd In reply, I have the honor to inform you that under Section 191(16) of the Tax Code, gross receipts derived by contractor from any pioneer industry registered with the Board of Investments, is exempt from the tax therein prescribed. Accordingly, your gross receipts derived from your electrical installation contract with Porcelana Mariwasa, a preferred pioneer enterprise registered with the BOI is exempt from the 3% contractor's tax prescribed in Section 191 of the Tax Code. Very truly yours, (SGD.) EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-1456-040-3
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