BIR Ruling

January 9, 1974 Simon Enterprises, Inc. 120-122 Plaridel St. Cebu City Gentlemen : This refers to your letter dated December 20, 1973 requesting a ruling on the applicability of the amendment contained in Presidential Decree No. 69 with respect to your fish meal products, for poultry and swine uses and as to whether or not the raw materials (raw fishes) used in the production of fish meal are deductible from the gross selling price of said products. cdta In reply, I have the honor to inform you that your fish meal products fall under animal and poultry products under Section 185-B of the Tax Code, as amended by Presidential Decree No. 69, thus subject to the 5% sales tax. The cost of raw materials (raw fish) used in the manufacture of the fish meal and deductible from the gross selling price of the fish meal for purposes of computing the sales tax due thereon. Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue TAN-1601-593-5 "TAXPAYERS SHOULD INDICATE THEIR TAN IN ALL COMMUNICATIONS TO THE BIR."