BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Oct 24, 1968
Full text
October 24, 1968 Mr. Chua Cheng Chiao 554 V. Mapa Street Caloocan City S i r : This refers to your letter dated September 20, 1968 requesting information as to what tax are you liable on your business of purchasing bond and onion skin papers of big sizes, cutting them into standard sizes as 8 x 13 and 8 x 11 inches, bundling them by the ream and selling them to the general public. In reply, I have the honor to inform you that under the foregoing facts you are considered a manufacturer subject to the annual fixed tax of P20.00 prescribed in Section 182(A)(1) and the 7% percentage tax prescribed by Section 186, both of the National Internal Revenue Code. lexlib Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue
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