BIR Ruling No. 007-61

January 17, 1961 BIR RULING NO. 007-61 In answer to your verbal inquiries, I have the honor to inform you as follows: LibLex Pursuant to Section 182(C)(2) of the National Internal Revenue Code, as last amended by Republic Act No. 2376, Filipinos in public market places selling at retail all forms or kinds of food products, meat, fruits, vegetables, game, poultry, fish and other raw and/or cooked food products are exempt from the graduated annual fixed tax prescribed in said section, paragraph (A)(2) thereof. Said amendatory law took effect on June 20, 1959. Under Section 204 of the same Code, as amended by Republic Act No. 1856, which took effect on June 22, 1957, public market vendors selling exclusively domestic meat, fruits, vegetables, games, poultry, fish and other domestic food products are exempt from the requirement of issuing sales or commercial invoices or receipts. It may be stated that the moment one sells any product or article not enumerated in either of said laws, in addition to those enumerated therein, he loses the benefit of either or both the exemptions, as the case may be. LLphil