Importation of Feed Grains to be Sold Directly to Poultry and Cattle Raisers is Subject to the 5% Advance Sales Tax
BIR Ruling No. 010-83 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 26, 1983
Full text
January 26, 1983 BIR RULING NO. 010-83 Gentlemen : In reply to your letter dated January 10, 1983, please be informed that your importation of poultry feed peas, concentrates, millet, safflower, millet and other feed grains to be sold directly to poultry and cattle raisers is subject to the 5% advance sales tax based on landed cost thereof plus 25% mark-up, under Section 201(f) in relation to Section 193(b) of the Tax Code, as amended. Very truly yours, (SGD.) RUBEN B. ANCHETA Acting Commissioner Bureau of Internal Revenue
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