Tax Exemption Granted to Sugar Producers' Cooperative Marketing Association, Inc.

January 7, 1960 BIR RULING NO. 003-60 The Victorias Milling Co., Inc. Victorias, Negros Occidental Gentlemen : Please be informed that the Sugar Producers' Cooperative Marketing Association, Inc., as an association duly organized under the provisions of Act No. 3425, is exempt from all kinds of percentage taxes otherwise due and payable on its authorized activities. Such being the case the 2% tax is not due and payable on the sugar belonging to its members which it caused to be milled by your central. Accordingly, you need not withhold the 2% tax on the share of its members in the sugar which it caused to be milled by you. As the association is the representative of its members, the corresponding quedans covering the sugar belonging to its members which is caused to be milled by you may be issued in its name. Very truly yours, MELECIO R. DOMINGO Commissioner of Internal Revenue