BIR Ruling No. 034-61
BIR Ruling No. 034-61 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Jan 10, 1961
Full text
January 10, 1961 BIR RULING NO. 034-61 With reference to your letter . . . , I have the honor to inform you that the "Instant Water Heater" manufactured by you, being an electric water heater, is subject to 30% sales tax pursuant to Section 185(i) of the Tax Code. In the computation of the sales tax, the total cost of the raw materials used in your manufacture which were previously subjected to 30% sales tax is deductible from the gross selling price of your water heaters. LibLex
Ask what this means for your situation
The assistant quotes the passage it relies on and links the source, so you can check every figure it gives you.