BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 10, 1975
Full text
September 10, 1975 Ms. Vicenta Lahis 1521 Pardo Cebu City M a d a m : This refers to your request for exemption from the payment of fixed and percentage taxes under the provisions of the NACIDA law. aisa dc Investigation disclosed that you are engaged in food preservation (peanut candies) industry; that your business is registered with the NACIDA under Certificate of Registration No. 03873 dated July 30, 1974; that your business operation started on July 30, 1974 with a capital investment of 1,500.00; and that your five (5) children employed in said small backyard industry. In reply thereto, I have the honor to inform you that under the foregoing circumstances, you are exempt from the payment of fixed and percentage taxes pursuant to the provision of Republic Act No. 3470, as amended by Republic Act No. 5326. Very truly yours, CONRADO P. DIAZ Acting Commissioner of Internal Revenue TAN 1182-568-4
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