BIR Ruling [DA-322-00]
BIR Ruling [DA-322-00] • Bureau of Internal Revenue (BIR) Issuances • Rulings (Unnumbered) • Aug 22, 2000
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August 22, 2000 BIR RULING [DA-322-00] 106 (A) (1); 109 (c) 027-98 Mr . Ramon F . Barba Office of the Sangguniang Bayan Municipality of Liloan Province of Southern Leyte Gentlemen : This refers to your letter dated January 5, 2000, requesting for a ruling, on whether " fish " is classified as merchandise for taxation purposes. aTcIEH In reply, please be informed that pursuant to Sec. 106(A)(1) of the Tax Code of 1997, the term "goods or properties" shall mean all tangible and intangible objects which are capable of pecuniary estimation. Clearly, fish falls within the scope of the term "goods." However, the sale or importation of fish is exempt from VAT pursuant to Section 109(c) of the same Code. Very truly yours, Commissioner of Internal Revenue By: (SGD.) LILIAN B. HEFTI Deputy Commissioner Legal & Inspection Group
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