BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Mar 4, 1969
Full text
March 4, 1969 The Philippine Veterans Bank Manila Attention: Mr . Augustus P . Calantuan Vice President-Auditor Gentlemen : This refers to your letter dated February 26, 1969, requesting information as to whether or not firms with Certificates of Registration with the NACIDA are automatically exempted from taxes on sales of their products covered by their Nacida registration certificates and need not secure authority from this Office to this effect. In reply, I have the honor to inform you that while registration of cottage industries is a prerogative vested by Republic Act No. 3470 to the NACIDA, yet the exemption from the payment of taxes of said cottage industries may be looked into by this Office. Thus, this Office, in quite a number of cases, issued assessment notices to registered cottage industries with the NACIDA, if after investigation, said registered cottage industries operate business in a non-exempt manner. For this reason, it is advisable for registered cottage industries to seek confirmation of their tax exemption from this Office. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.