BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Jul 9, 1970
Full text
July 9, 1970 The Revenue District Officer General Santos City S i r : This refers to your telegram dated May 8, 1970 requesting clarification on the new Export Tax Law which you claimed is the reason for your refusal to issue exemption certificate relative to the Dole pineapple shipment, released by the local Customs Office upon certification made by the Central Bank. In reply, you are informed that pursuant to Section 2 of Republic Act No. 6125, the stabilization tax on exportations of certain products shall be assessed and collected by the Central Bank of the Philippines, through any authorized agent bank. Accordingly, issuance of authorization on consignments abroad are within the jurisdiction of the Central Bank. You were, therefore, correct in not issuing exemption certificate. Very truly yours, MISAEL P. VERA Commissioner of Internal Revenue
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