Exemption Granted to NARIC Agency of Virac, Catanduanes

January 29, 1959 BIR RULING NO. 054-59 The Provincial Treasurer Virac, Catanduanes S i r : This is in connection with your 6th Indorsement dated December 24, 1959 requesting the opinion of this Office as to whether or not the NARIC Agency of Virac, Catanduanes, is subject to municipal and internal revenue taxes prior to the letter of the Executive Secretary dated July 10, 1957. llcd It appears from the said letter dated July 10, 1957 that the Cabinet in its meeting on the same date directed the NAMARCO to import rice, mill the palay of the NARIC, and sell and distribute the same with the NARIC, as its agency for the purpose, thereby entitling the NARIC to the exemption provided in paragraph (c) of Section 16 of of Republic Act 1345. Before the aforesaid date, the NARIC is also exempt from tax under the provisions of Republic Act No. 663. As regards the municipal license tax, please be informed that the same is not within the jurisdiction of this Office. It is suggested that the query regarding this matter be addressed to the Department of Finance, Manila. LibLex Very truly yours, (SGD.) MELECIO R. DOMINGO Acting Commissioner of Internal Revenue