Synthetic Rope Manufacturer Subject to Sales and Fixed Taxes
BIR Ruling No. 046-70 • Bureau of Internal Revenue (BIR) Issuances • Rulings (Numbered) • Nov 5, 1970
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November 5, 1970 BIR RULING NO. 046-70 Synthetic rope manufacturer subject to sales and fixed taxes . This refers to your letter dated August 25, 1970 requesting information as to the kind of tax a manufacturer of synthetic rope out of materials other than abaca would be liable to. In reply, I have the honor to inform you that a manufacturer of synthetic rope out of materials other than abaca is subject to the 7% sales tax imposed in Section 186 of the Tax Code, as amended. He is also subject to the P50.00 annual fixed tax imposed in Section 182(A) (I) of the same Code.
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