Exemption from Annual Fixed Tax

June 16, 1980 BIR RULING NO. 070-80 La Dicha Cigar & Cigarette Factory Alfredo C. Raymundo Street Bo. Maybunga, Pasig Metro Manila Attention: Mr . Jose C . Limgenco, Jr . Factory Manager Gentlemen : This refers to your letter dated October 24, 1979 requesting information as to whether you are subject to the payment of the privilege tax imposed on importers of cigarette papers on your importation of black cigarette paper from France for your use in the manufacture of native cigarettes. In reply, please be informed that for importing cigarette paper for your use in the manufacture of cigarettes, you are not liable for the payment of the annual fixed tax of P2,000.00 imposed in Section 192(3)(t) of the Tax Code of 1977, as amended, as an importer of cigarette paper. It is understood, however, that your importation of cigarette papers is limited to the need and consumption of your manufacturing requirements. (BIR Ruling No. 70-002). cdta Very truly yours, RUBEN B. ANCHETA Acting Commissioner