BIR Ruling No. 062-61

January 30, 1961 BIR RULING NO. 062-61 With reference to your letter dated . . ., relative to the query of Mr. Cesar G. Burlat of Oroquieta, Misamis Occidental, who requested information as to the tax liability of certain taxpayers inside the "public markets", I have the honor to inform you as follows: prcd (1) A person operating a store (sari-sari") inside the public market, who sells dried fish, rice, corn grits and canned goods, exclusively, is exempt from the fixed and percentage taxes, pursuant to Section 182(C)(2) and Section 188(b) of the Tax Code, as amended by Republic Act No. 2376, provided that said person is a Filipino who sells at retail to the public in general. (2) However, the same person, mentioned in the next preceding paragraph hereof, is subject to the income and residence taxes, prescribed by the provisions of the Tax Code and Residence Tax Law, as amended, respectively. (3) Public market vendors, regardless of nationality, dealing or selling textile inside the public market, are subject to the graduated annual fixed tax prescribed in Section 182(A)(2) of the Tax Code. (BIR Ruling No. 86, S. of 1960) They are, likewise, subject to the income and residence taxes prescribed by law. cdpr