BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Dec 15, 1977
Full text
December 15, 1977 Messrs. Quiason, De Guzman. Makalintal, & Veneracion Lawyers Second Floor, Chronicle Bldg. Manila Gentlemen : This refers to your request for a ruling on whether the finished product of your client known as "banana sauce" is subject to the 5% sales tax imposed by Section 186-B of the Tax Code. I have the honor to advise you that the manufactured sauce is subject to 7% sales tax imposed by Section 199 (formerly Section 186) of the Tax Code of 1977 and not to the 5% sales tax prescribed by Section 201 (formerly Section 186-B) of the same Code. Very truly yours, EFREN I. PLANA Acting Commissioner of Internal Revenue TAN-P4159-F2828-A-8
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