BIR Ruling
BIR Ruling • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Sep 10, 1975
Full text
September 10, 1975 Mrs. Amparita Lhuillier 45 Kamagong St., Lahug Cebu City M a d a m : This refers to your letter dated July 18, 1975 requesting exemption from the payment of fixed and percentage taxes under the provisions of the NACIDA law. cdt Investigation disclosed that you are engaged in the manufacture of ready made dresses and children's wear; that you are registered with the NACIDA under Certificate of Registration No. 04477 dated July 8, 1975; that you started operation on July 22, 1975 with a capitalization of P5,000.00; that you have in your employ three (3) relatives; and that your business facilities consists of three (3) sewing machines. 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 provisions of Republic Act No. 3470, as amended by Republic Act No. 5326. acd Very truly yours, (SGD.) CONRADO P. DIAZ Acting Commissioner of Internal Revenue TAN 1182-568-4
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