BIR Ruling No. 033-82

February 11, 1982 BIR RULING NO. 033-82 187-x 000-00 033-82 Cebu Agribusiness, Inc. c/o Simon Grocery Plaridel, Cebu City Attention: Mr . Willian Chua Vice-President Gentlemen : This refers to your letter dated January 22, 1980 requesting information as to what taxes you would be subject to for buying fresh fish, grinding or milling the dried fish into powdered form and selling the same to hog and poultry feed manufacturers as ingredients. In reply, please be informed that the grinding or milling of the dried fish constitutes manufacturing within the purview of Section 187(x) of the Tax Code of 1977 as amended. Accordingly, for selling dried fish in powdered form, you will be subject to the annual fixed tax of P100.00 and to the 10% sales tax prescribed in Sections 192(1) and 199 of the same Code. You are also subject to the corporate income tax prescribed in Section 24(a) of the Tax Code. aisadc Very truly yours, RUBEN B. ANCHETA Acting Commissioner