BIR Ruling No. 006-64

February 28, 1964 BIR RULING NO. 006-64 The Regional Director Regional District No. 15 Zamboanga, City S i r : This has reference to the letter of Mr. Manuel Uy Francisco dated October 3, 1963, requesting information as to whether or not purchase discounts and allowances form part of the gross quarterly sales, earnings, receipts or output for purposes of audit and examination of the books of accounts to be made by independent certified public accountants, pursuant to Section 334 of the National Internal Revenue, as amended by Republic Act No. 658. In reply thereto, you are hereby informed that purchase discounts and allowances, if actually determined at the time of sale and consummated, do not form part of gross sales. llcd Very truly yours, (SGD.) BENJAMIN N. TABIOS Acting Commissioner of Internal Revenue