Taxability of a Manufacturer of Laminated Plywood

October 24, 1966 BIR RULING NO. 046-66 Mr. Romeo Isabelo 118 Scout Chuatoco St. Quezon City S i r : This refers to your letter dated April 30, 1966 requesting, in behalf of your client, information as to the internal revenue taxes your client should pay on his newly established business of laminating wood products, principally plywood. In reply thereto, I have the honor to inform you that plywood laminating is considered manufacturing under Section 194 (x) of the Tax Code and, therefore, the manufacturer of laminated plywood for paneling and cabinetry purposes is subject to the fixed annual tax of P20.00 and to the 7% sales tax prescribed by Sections 182(A)(1) and 186 of the Tax Code. lexlib Very truly yours, (SGD.) MISAEL P. VERA Commissioner of Internal Revenue