BIR Ruling

October 4, 1966 Mr. Francisco Dimacali 144 Tennessee St. San Francisco del Monte Quezon City S i r : This refers to your request for tax exemption under the provisions of Republic Act No. 3850, which was favorably endorsed to this Office by the Chairman of the National Science Development Board. LLphil It appears that you were issued by the Philippine Patent Office Letters Patent Nos. 368 and 148 for invention of Sugar Cane-Cassava Planter Utility Model and Row Seed Planter Utility Model, respectively; that your capitalization does not exceed P50,000.00; that the manufacture of your inventions is carried as a home industry; and that you are a duly registered inventor with the Philippine Inventors Commission. Under the foregoing facts, you are exempt from the payment of all kinds of taxes, licenses and permits during the first five years from the date of the grant of your letters patents by the Philippine Patent Office, pursuant to Section 10, Republic Act No. 3850. LibLex Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue