10% Sales Tax — Corn Oil
BIR Ruling No. 033-79 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jun 6, 1979
Full text
June 6, 1979 BIR RULING NO. 033-79 10% sales tax corn oil In reply to your letter dated January 15, 1979, please be informed that this office has already ruled and, hence, confirms, that corn oil is subject to the 10% sales tax imposed by Section 199 of the Tax Code, as amended by P.D. No. 1358. (Revenue Memorandum Circular No. 19-77, dated August 8, 1977). This Office also wishes to confirm that corn germ which is a resultant by-product of corn milling is not subject to any percentage tax. The residue after extraction of corn oil from corn germ is corn germ meal and is tax free considering that it is not subject to any percentage tax as it does not undergo change in form, materially or substantially as to its use.
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